MARKET INSIGHTS_15122022
15/12/2022
MARKET PULSE VN-Index closed trading to form a "White Candle" trading pattern. Trading volume decreased and was below the 20-day average. Price increase with decreasing volume is not a good technical signal. Key points to note: (i) Current market support is the 1,015 point area and further support is at the 970 point price area. (ii) The trading market is repeating the April 2020 pattern. If history repeats, this is a stock accumulation phase and a correction is also necessary. (iii) Cash flow is still circulating well and is highly differentiated. According to the "Price Action" analysis method for VN30, we have 10 codes for buy signals, 09 codes for sell signals, and 11 codes for sideways signals. VPB, VCB, MWG, VIB, VJC, GVR... show positive signals. According to quantitative statistics, with today's pattern, in the next trading session, VN-Index has a 49% probability of increasing points and a 60% probability of the closing price being higher than the opening price. Statistics show that the index will decrease in tomorrow's trading session. Resistance is 1,100 points. Support is 1,015 points. Note: Tomorrow is the rebalancing day for ETF funds Intraday stock support and resistance (EOD) Stocks with sudden increase in trading volume during the day Watchlist of stocks for tomorrow Intraday chart: * FED raises interest rates by 50 basis points; * SBV starts buying USD today to curb the fall of the dollar, dong supply will increase and liquidity will ease; US Stock Market: The rise of defensive stocks is not a good sign. Stock indices often perform negatively after the FED raises interest rates, so it is likely that the indices will correct downwards tonight; however, for now, we expect the indices to maintain support around the sideways trading area as in the previous period. 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 […]
