MARKET INSIGHTS_01032022
01/03/2022
MARKET PULSE
The VN-Index closed the trading session forming a "White Candle" pattern. Trading volume increased and was above the 20-day average. Technically, increasing price with increasing volume is a good sign. Points to note: (i) RSI(14) is moving in a triangular pattern as shown below. A clear trend will only emerge with a "Break out" or "Break down". (ii) The market still has a potential head and shoulders pattern at the peak at this time. However, this pattern has not yet been confirmed. Risks exist but are not too concerning if we look at the market holding firm amidst the chaos of global financial markets in recent sessions. (iii) Cash flow is constantly rotating but still pushing prices in groups expected to report good business results such as infrastructure construction, public investment, exports, and especially real estate. Basically, speculative demand is high and not too far from the fundamental group. However, today the trend of allocating towards speculative assets has also appeared, indicating that investors are starting to seek greater risks. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 49% probability of increasing and a 70.85% probability of the closing price being higher than the opening price. Statistics show that the market will decline in tomorrow's session. Resistance is 1,535 points. Support is 1,470 points. Basically, the market has remained in a sideways trend over the past period. Intraday Stock Support and Resistance (EOD) Stocks with unusual surge in trading volume today Watchlist of stocks for tomorrow Intraday Chart: * Russia's export partners; * Who holds the Russian Central Bank's reserves?; US Stock Market: US markets traded mixed on the last day of the month, while Russia felt the consequences of economic sanctions. Defensive and cybersecurity stocks were heavily bought by investors. In terms of technical patterns, we observe that US stocks are in a counter-trend rally, with a target price range for the S&P 500 at 4,568 points. Of course, this process will take time, but the short-term bottom has temporarily passed. 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 […]
