MARKET INSIGHTS_02032022
02/03/2022
MARKET PULSE The VN-Index closed trading forming a "Bearsish Engulfing" candlestick pattern. Trading volume increased and was above the 20-day average. Technically, decreasing price with increasing volume is a negative signal. Key points to note: (i) RSI(14) breaking down is a bad signal. (ii) The head and shoulders pattern at the peak still poses risks. (iii) The bright spot is that the Bollinger Band has not yet moved down. (iv) Stocks remain differentiated, with capital flowing into both speculative and investment stocks. According to the "Price Action" analysis method for VN30, we have 02 codes for buy signals, 10 codes for sell signals, and 18 codes for sideways signals. Basically, VN30 shows a negative signal today. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 48% probability of increasing and a 66.67% 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. The market has remained quite differentiated in the recent period. Stock support and resistance for the day (EOD) Stocks with sudden surge in trading volume today Watchlist stocks for tomorrow Intraday chart: * The "Backwardation" phenomenon of crude oil prices; * Russia's trade surplus thanks to crude oil; US Stock Market: Reserves decreased as oil prices rose above 106 USD / barrel, the highest in 7 years. The energy sector continues to outperform as the sector's inflation cycle continues. Although the index fell yesterday, we still believe that the indices are in a counter-trend uptrend wave, and therefore, we predict that the indices will rebound tonight. Investors can download the full report via the following link:
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