MARKET INSIGHTS_0902022
09/02/2022
MARKET PULSE The VN-Index closed trading forming a "Small White Candle" pattern. Trading volume increased but remained below the 20-day average. Technically, it doesn't give a clear signal but shows indecision. This could be the dominant trend in the coming days. Key points to note: (i) RSI(14) has formed a Failure Swing pattern, and the VN-Index remaining above the dynamic resistance MA(50) is still a positive signal. (ii) The market continues to trade in an accumulation-like manner, and capital flow remains good among stock groups. Fundamentally, it is not negative. According to the "Price Action" analysis method for VN30, we have 14 codes showing buy signals, 08 codes showing sell signals, and 08 codes showing sideways signals. The banking sector showed negative signals today. However, the breadth of the VN30 group expanded in a positive direction. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 48% probability of increasing and a 59.09% probability of the closing price being higher than the opening price. Statistics show that the market will decline tomorrow, however, in our view, the index is likely to end with a significant increase. Resistance is 1,535 points and support is 1,430 points. Intraday stock support and resistance (EOD) Stocks with abnormal trading volume today Watchlist for tomorrow Intraday chart: * Amazon leads the cloud market with $180 billion in revenue; * Vietnam Manufacturing PMI January 2022; US Stock Market: Stocks rose higher today while VIX declined. The VIX reversal indicates that the magnitude of price movement in the VIX increased even more than the price action of the SPX, implying that options traders are forecasting more upside potential ahead. Tonight's forecast: indices to rise 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 […]
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 […]
