MARKET INSIGHTS_09032022
09/03/2022
MARKET PULSE The VN-Index closed, forming a "Black Candle" trading pattern. Trading volume decreased and remained above the 20-day average. Overall, the market's trading volume does not support a strong upward trend for the index. Key points to note: (i) The narrowing band combined with today's price decline is a dangerous warning. We could enter a sharp downtrend cycle if the index falls in the next 2-3 sessions. (ii) The head and shoulders pattern at the peak still poses risks. (iii) The market remains positively differentiated with capital rotation. Essentially, the risk rotation continues. We observe that the index carries downside risk, but selecting good stocks still offers profit potential. According to the "Price Action" analysis method for VN30, we have 07 codes signaling buy, 02 codes signaling sell, and 21 codes signaling sideways movement. Most VN30 stocks are in a sideways state. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 51% probability of increasing and a 56% probability of the closing price being higher than the opening price. Statistics show that the market will rise during the trading session. Resistance is 1,535 points. Support is 1,470 points. Intraday Stock Support and Resistance (EOD) Stocks with a sudden surge in trading volume today Watchlist for tomorrow Intraday Chart: * Where does the US oil and gas supply come from?; US Stock Market: Stocks failed to continue their upward momentum and closed lower after a volatile trading session. Oil and energy stocks were almost entirely contrary to price movements. We observed "Short Covering" yesterday, and this suggests that the indices are likely to rise today. 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 “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 […]
