MARKET INSIGHTS_1412022

MARKET PULSE The VN-Index closed the trading session forming a "White Candle" trading pattern. Trading volume decreased and was lower than the 20-day average. Technically, decreasing price with increasing volume and increasing price with decreasing volume suggest a "Bull Trap" pattern for the index. Key points to note: (i) RSI(14) is showing a Failure Swing pattern. The market showed a balancing reaction today. This somewhat indicates that the support area has partially taken effect. However, fundamentally, this is still an uncertain and unsafe state for trading. (ii) The VN-Index held firm at the dynamic MA(50) support, which is a bright spot for the market, but we note that the July 2020 trading pattern also had similar points, and at that time, the index also faced unexpected strong selling pressure, causing many investors to shift from hope to disappointment. Therefore, rushing to buy at the bottom now is not necessary; further observation is advised. The bottom is always a process. (iii) The market needs groups like banking, oil and gas, public investment, or real estate to rise despite everything to show that the risk cycle continues. At that point, overall risk will decrease. It probably needs 2-3 more trading sessions to confirm whether this trend will materialize. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 49% probability of increasing and a 37.5% probability of the closing price being higher than the opening price. Statistics show that the market will decline on the first day of the week. If the market declines, investors should reduce their stock holdings. If the market increases, further observation is advised before considering buying. For speculative stocks, it is advisable to exit the holding position. Stock support and resistance for the day (EOD) Stocks with abnormal trading volume during the day List of stocks of interest for tomorrow Intraday chart: * Outlook for the US stock market; * FED, interest rates, recession, and inflation; US Stock Market: Stock prices fell in most sectors, although the consumer goods sector had many rising stocks. Stocks like Costco could benefit from the effects of inflation in the coming months. The main index is expected to recover tonight after a recent series of consecutive declines. Investors can download the full report via the following link: