MARKET INSIGHTS_01042022
01/04/2022
MARKET PULSE The VN-Index closed trading forming a "Long White Candle" trading pattern. Trading volume increased and was above the 20-day average. Price increase with volume increase is a good technical signal. Key points to note: (i) The index showed a rising candle with good trading volume and approached the upper edge of the triangle. Overall, investors are expecting a breakout at this time. A "Break out" will open up better prospects in the medium term. (ii) The unopened upper band will hinder a breakout on the second day. A large capital inflow is needed to break this trend. (iii) Strong capital flow into large-cap stocks, fundamental stocks, and speculative stocks on the last day of the week is a good sign. According to the "Price Action" analysis method for VN30, we have 16 codes giving buy signals, 00 codes giving sell signals, and 14 codes giving neutral signals. VN30 is showing good signals at this time. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 50% probability of increasing and a 100% probability of the closing price being higher than the opening price. Statistics show that the market will increase but will be volatile on the first day of the week, but we believe the index will rise. Resistance is 1,535 points. Support is 1,440 points. Intraday Stock Support and Resistance (EOD) Stocks with unusual trading volume during the day Watchlist for tomorrow Intraday Chart: * Inverted yield curve, declining corporate profits... are signs that the US economy is entering a recession phase.; * Monthly oil chart; US Stock Market: Indices closed the quarter lower for the first time since Q1 2020. Energy and utilities led S&P 500 sectors. One negative point we observed is that after a "Break out" opened up medium-term prospects, the index immediately turned down and is testing the support area, which was previously a resistance area. If the index returns to an uptrend, this is good news; otherwise, there is a risk of a "Fake out" that could push the market deeper down. Waiting for trend confirmation is essential. 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 “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 […]
