MARKET INSIGHTS_04072022
04/07/2022
MARKET PULSE VN-Index closed the trading session forming a "Long Black Candle" pattern. Trading volume decreased and was below the 20-day average. A price decrease with decreasing volume is not an overly negative signal in technical analysis. Key points to note: (i) Regarding the pattern, the VN-Index is establishing a sideways pattern with support around 1,150 points and resistance around 1,250 points. (ii) Selling pressure was not truly significant despite the index's decline. There were times when we saw supply dry up, and fundamentally, the late-hour selling effect was likely mainly due to increased profit-taking demand. (iii) High Beta stocks continued to trade better, indicating that risk rotation is still ongoing. According to the "Price Action" analysis method for VN30, we have 10 codes showing buy signals, 07 codes showing sell signals, and 13 codes showing sideways signals. Banks had a negative trading day. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 48% probability of increasing and a 68% probability of the closing price being higher than the opening price. Statistics show that the index will decrease in tomorrow's trading session. Resistance is at 1,250 points and support is at 1,150 points. Intraday Stock Support and Resistance (EOD) Stocks with a surge in trading volume today Watchlist for tomorrow Intraday Chart: * Vietnam Manufacturing PMI; * Valuation of industry groups on the US stock market; US Stock Market: In the short term, the sharp decline in yields brings about the sentiment that the economy is about to enter a recession and commodity prices will decline. However, as shared, the economy typically lags the stock market by an average of 116 days. The US stock market will be closed for Independence Day tonight. The index is forecast to continue rising after trading resumes. Investors can download the full report via the link below:
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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 […]
