MARKET INSIGHTS_17032022
17/03/2022
MARKET PULSE The VN-Index closed trading forming a "Long Black Candle" trading pattern. Trading volume increased but remained below the 20-day average. Price and volume did not support the index's strong upward trend in the recent period. Key points to note: (i) The lower band is showing signs of contraction. At least this is positive right now as we are trading near the neckline area of the head and shoulders bearish pattern. According to technical analysis principles, support remains support until it is broken. (iii) Money flow tends to spread to speculative stocks. This indicates that investors' risk appetite is increasing, and this could generate good returns in this group despite the possibility that the index will still trade sideways. According to the "Price Action" analysis method for VN30, we have 02 codes for buy signals, 03 codes for sell signals, and 25 codes for sideways signals. The VN30 is gradually forming a predominantly sideways technical pattern. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 48% probability of increasing and a 57.14% probability of the closing price being higher than the opening price. Statistics show that the market will decline in tomorrow's trading session. Resistance is 1,535 points. Support is 1,440 points. Intraday Stock Support and Resistance (EOD) Stocks with sudden surge in trading volume today Watchlist for tomorrow Intraday Chart: * Countries importing Russian weapons; US Stock Market: Stocks closed higher after the Fed announced a 25 basis point interest rate hike. It also reaffirmed its intention to raise interest rates six more times this year. The positive reaction from both stock and bond investors indicates a sentiment that interest rate hikes will help curb inflation. In the short term, indices may continue to rise towards the 35,000-point resistance, as for the Dow Jones index. However, it is too early to conclude that the medium-term uptrend has returned. Investors can download the full report via the following link:
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Summary of Key Points in the Report The VN-Index closed the trading session forming a “Small White Candle” pattern. Trading volume declined but remained above the 20-day average. According to theory, a price increase accompanied by declining volume is not a bullish pattern supported by volume – thus, the signal is not very positive. Key […]
Summary of Key Points in the Report The VN-Index closed the trading session forming a “Black Candle” pattern. Trading volume increased and surpassed the 20-day average. According to theory, a price decrease accompanied by rising volume is a bearish pattern supported by volume – a negative signal. Key highlights: (i) Foreign investors recorded a net […]
Summary of Key Points in the Report The VN-Index closed the trading session forming a “Long White Candle” pattern. Trading volume increased and surpassed the 20-day average. According to theory, a price rise accompanied by higher volume represents a bullish pattern supported by volume – a positive signal. Key highlights: (i) Foreign investors recorded a […]
Summary of Key Points in the Report The VN-Index closed the trading session forming a “Long White Candle” pattern. Trading volume increased and surpassed the 20-day average. According to theory, a price rise accompanied by higher volume represents a bullish pattern supported by volume – a positive signal. Key highlights: (i) Foreign investors recorded a […]
Summary of Key Points in the Report The VN-Index closed the session forming a “Small Black Candle” pattern. Trading volume increased and surpassed the 20-day average. Theoretically, a rise in both price and trading volume indicates a bullish pattern supported by volume — a positive signal. Key highlights: (i) Foreign investors recorded a net purchase […]
