MARKET INSIGHTS_1402022
14/02/2022
MARKET PULSE The VN-Index closed trading forming a "Bearish Island" trading pattern. Trading volume increased and returned to the 20-day average. Technically, this is a negative trading signal. Key points to note: (i) RSI(14) failed to break the red resistance and turned downwards, combined with the Island pattern typically appearing at the peak, which is a very negative signal. (ii) Although the market remains diversified, selling pressure is deliberately targeting large-cap stocks and appearing at sensitive times. Fundamentally, this is usually a bad signal. According to the "Price Action" analysis method for VN30, we have 05 stocks giving buy signals, 14 stocks giving sell signals, and 11 stocks giving neutral signals. The banking sector continued to show negative signals today. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 25% probability of increasing and a 55.56% probability of the closing price being higher than the opening price. Statistics show that the market will decline in tomorrow's trading session. Resistance is 1,535 points and support is 1,430 points. Intraday Stock Support and Resistance (EOD) Stocks with unusual trading volume today Watchlist for tomorrow Intraday Chart: * Credit spreads send risk warnings; * Liquidity in the commercial banking system is facing short-term issues; US Stock Market: Stocks fell today due to concerns that a Russian invasion of Ukraine could be imminent. Price action suggests that investors are pricing in a higher probability of such an event than before. The index is forecast to decline in the first trading session of the week. Investors can download the full report via the following link:
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