MARKET INSIGHTS_23122021
23/12/2021
MARKET PULSE
The VN-Index closed forming a "Long Black Candle" trading pattern. Trading volume increased and was above the 20-day average. Falling prices with increasing volume is a negative technical signal. Key points to note: (i) A 7-session sideways trend ended with a strong price drop. This puts negative pressure on the chart. (ii) The bright spot is that the VN-Index still held firm above the MA(50). (iii) Cash flow diversified and returned to stocks that did not experience sharp increases recently. A necessary cooling down.
According to the "Price Action" analysis method for VN30, we have 02 codes for buy signals, 09 codes for sell signals, and 19 codes for sideways signals. MSN, PDR are stocks with good trading patterns at this time.
According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 48% probability of increasing and a 0% probability of the closing price being higher than the opening price. Statistics show that the market will decline with a lower closing price. The VN-Index may retest the 1,400-point mark tomorrow.
Intraday Stock Support and Resistance (EOD)
Stocks with abnormal trading volume during the day
Watchlist of stocks for tomorrow
Intraday Chart:
* US bank lending is increasing;
* China's credit growth rebounded in November;
US Stock Market: The market continued to recover after last week's decline. Pfizer received approval for its COVID drug, and traders are betting on stock price increases. With two consecutive rising sessions, indices are approaching resistance levels. Tonight's forecast suggests the index may trade indecisively between gains and losses before the resistance level.
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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 […]
