MARKET INSIGHTS_0802022
08/02/2022
MARKET PULSE VN-Index closed the trading session forming a "White Candle" trading pattern. Trading volume increased but remained below the 20-day average. Technically, today's trading pattern is not bad or overly negative because the index still held firm despite a slight increase in selling pressure. Key points to note: (i) RSI(14) has formed a Failure Swing pattern, and the VN-Index remaining above the dynamic MA(50) resistance is still a positive signal. (ii) Despite strong selling pressure, capital flows are directed towards fundamentally strong stocks, which are supported and not subject to sell-offs when the index declines, indicating that the risk rotation is still ongoing. As long as this factor persists and the market differentiates, trading can still be established. 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. HPG, PLX, TCB, VPB, MWG are the codes with good trading signals at this time. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 49% probability of increasing and a 46.15% probability of the closing price being higher than the opening price. Statistics show that the market will decline tomorrow. Resistance is 1,535 points and support is 1,430 points. Intraday Stock Support and Resistance (EOD) Stocks with a sudden surge in trading volume today Watchlist for tomorrow Intraday Chart: * Global inflation is rising, putting pressure on monetary policy tightening; * Predictions on how the market will gradually transform through small changes to combat inflation; US Stock Market: Stocks saw a slight decline today, but prices were also volatile. This could mean that, as earnings season concludes, price action will be less volatile in the future. In the short term, indices are hitting resistance and will likely continue to trade sideways until a trend is established. 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 […]
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