MARKET INSIGHTS_1112022
11/01/2022
MARKET PULSE VN-Index closed the trading session forming a "Black Candle" trading pattern. Trading volume decreased but remained above the 20-day average. Today's market breadth leaned towards a negative trend, combined with an unexpected candlestick pattern, signaling a bad sign at this time. Key points to note: (i) RSI(14) established a new low, indicating an overarching negative trend. (ii) Three major industry groups are trading below MA(50): securities, fertilizers, and steel. (iii) The bright spot is that the index still remains above the dynamic support MA(20), and the construction and real estate sectors continue to maintain good price momentum. This helps maintain expectations for leadership. According to the "Price Action" analysis method for VN30, we have 02 codes for buy signals, 08 codes for sell signals, and 20 codes for sideways signals. BID, GAS showed a Bullish trading pattern today. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 51% probability of increasing points and a 50% probability of the closing price being higher than the opening price. Statistics show that the market will increase points in tomorrow's session. We also expect a bottom-finding reaction at the dynamic support level to appear tomorrow. Intraday Stock Support and Resistance Stocks with significant trading volume today Stock portfolio of interest for tomorrow Intraday Chart: * US growth stocks have experienced a long period of decline; * LPG prices are trending up, which supports GAS stock price increase ?; US Stock Market: Stocks fell at the open but rebounded strongly to regain lost ground. Apple showed support, but the reality remained unchanged from Friday. However, Tesla closed up 3%. Major indices are forecast to rise tonight. Investors can download the full report via the following link:
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