MARKET INSIGHTS_1002022
10/02/2022
MARKET PULSE The VN-Index closed the trading session forming a "Black Candle" pattern. Trading volume decreased and was below the 20-day average. Technically, this signal is not too bad. However, a concerning point is that recently, the overall market trading volume has narrowed, indicating that investors are becoming more cautious in their transactions. 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 cash flow is still circulating well among stock groups. Fundamentally, it is not negative, especially considering that despite today's market decline, market breadth was wider than yesterday's trading session. According to the "Price Action" analysis method for VN30, we have 09 codes giving buy signals, 13 codes giving sell signals, and 08 codes giving sideways signals. The banking group continued to show negative signals today. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 51% probability of increasing and a 40% probability of the closing price being higher than the opening price. Statistics show that the market will increase tomorrow. Resistance is 1,535 points and support is 1,430 points. Intraday Stock Support and Resistance (EOD) Stocks with significant increase in trading volume today Watchlist for tomorrow Intraday Chart: * AAPL reached $100 billion in profit for the first time in 12 months; * Vietnam Manufacturing PMI in January 2022; US Stock Market: Stock and commodity prices rose higher as the dollar and bond prices continued to slide throughout the week. Inflation could drive these trends to continue diverging. Inflation could benefit the stock prices of some companies, such as Coca-Cola and PepsiCo, which can quickly adapt to cost pressures. After a fairly positive session yesterday, today's indices may fluctuate indecisively between gains and losses. 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 […]
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 […]
