MARKET INSIGHTS_05092022
05/09/2022
MARKET PULSE
The VN-Index closed forming a "Small Black Candle" trading pattern. Trading volume increased but remained below the 20-day average. A price decrease with increased trading volume is a negative pattern. Key points to note: (i) The VN-Index's Bollinger Bands are currently narrowing. There are two possibilities at this time: either the indices will enter a period of strong volatility (up or down) or they may continue to trade sideways. We lean towards a sideways scenario with stronger differentiation at this time. (ii) Negative divergence with RSI(14) warns of a short-term reversal of the index. (iii) The VN-Index trading formed clusters of small-bodied candles, indicating investor indecision. (iv) The continued upward momentum of the oil and gas group suggests that risk rotation is still ongoing and the market may continue to trade sideways. According to the "Price Action" analysis method for VN30, we have 04 codes giving buy signals, 09 codes giving sell signals, and 17 codes giving sideways signals. POW, GVR, GAS... show negative signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 52% probability of increasing and a 45.45% probability of the closing price being higher than the opening price. Statistics show that the index will increase in tomorrow's trading session. We expect oil and gas to remain a group with good profitability in the coming period. Resistance is 1,300 points. Support is 1,226 points. Intraday Stock Support and Resistance (EOD) Stocks with sudden surge in trading volume today Watchlist for tomorrow Intraday Chart: * Coronavirus in China: Major cities continue to be locked down. US Stock Market: Stocks are still under strong selling pressure despite efforts to rise in the first minutes of trading. In the short term, the S&P 500 index has support around the 3,900-point level. We believe that bottom-fishing reactions continue to appear around this area. 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 […]
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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 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 […]
