MARKET INSIGHTS_04042022
04/04/2022
MARKET PULSE
The VN-Index closed trading, forming a "GAP UP" trading pattern. Trading volume decreased and was below the 20-day average. A price increase with decreasing volume is not a good sign, even though today the VN-Index established a "Break out" of medium-term resistance. Key points to note: (i) The index established a "Break out" of the triangle pattern. This is a good technical signal. (ii) The upper band tends to open up, supporting price increases, along with strong capital flows into large-cap stocks, fundamental stocks, and speculative stocks on the last day of the week, which is a good signal at this time.
According to the "Price Action" analysis method for VN30, we have 11 codes showing buy signals, 07 codes showing sell signals, and 12 codes showing neutral signals. ACB, VNM, BVH show good signals.
According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 25% probability of increasing and a 43.9% probability of the closing price being higher than the opening price. Statistics show the market will see both increases and decreases. Resistance is 1,535 points. Support is 1,480 points.
Intraday stock support and resistance (EOD)
Stocks with abnormal trading volume during the day
Watchlist of stocks for tomorrow
Intraday chart:
* Valuation of capitalization groups on the Vietnamese Stock Market;
US Stock Market: Stocks and bonds traded in a narrow range as investors weighed the impact of inflation on investments. Perhaps Bitcoin is attracting some attention as a result of this hesitation. Currently, indices are in a sensitive area with converging short-term and medium-term resistance. If it moves up, the index will exit the medium-term downtrend channel and return to an uptrend. If it breaks support and moves down, the price could establish a lower low and a decline similar to January-February 2022 could occur.
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