MARKET INSIGHTS_10032022
10/03/2022
MARKET PULSE The VN-Index closed the trading session forming a "Long Black Candle" trading pattern. Trading volume decreased and was below the 20-day average. Overall, the market's trading volume does not support a strong upward trend for the index. Key points to note: (i) The narrowing band combined with today's price decline is a dangerous warning. (ii) The Head and Shoulders pattern at the peak still poses a potential risk. (iii) The market remains positively differentiated with capital flow rotation. Basically, the risk rotation continues. We observe that the index has downside risk, but selecting good stocks still has the potential to generate profits. According to the "Price Action" analysis method for VN30, we have 03 codes for buy signals, 05 codes for sell signals, and 12 codes for sideways signals. Most VN30 stocks are in a sideways state. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 48% probability of increasing and a 56.75% probability of the closing price being higher than the opening price. Statistics show that the market will decline during the trading session. Resistance is 1,535 points. Support is 1,470 points. Intraday Stock Support and Resistance (EOD) Stocks with abnormal trading volume during the day Watchlist for tomorrow Intraday Chart: * Automakers face rising metal costs?; * Total merchandise exports and imports increased by 13% in the first 2 months of the year; * Pangasius (Tra fish) price movements recently; US Stock Market: Stocks opened higher, and then continued to trade higher at closing. Price action, coupled with a strong reversal in oil prices, suggests that investors may be willing to temporarily set aside their fears. This coincides with some bullish divergence signals on IWM. Tonight's forecast is for indices to continue to rise. 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 […]
