MARKET INSIGHTS_1702022
17/02/2022
MARKET PULSE
The VN-Index closed the trading session forming a "Closing White Marubozu" pattern. Trading volume decreased and was lower than the 20-day average. Technically, recent trading volume has been quite negative, with volume decreasing on up days and increasing on down days. Key points to note: (i) The red line, which is the resistance of RSI(14), remains a medium-term resistance. (ii) The upper band has not yet opened to support the index's upward momentum. (iii) The bright spot is that despite weak cash flow and a negative trading pattern, the market still shows significant differentiation, with no sell-off, and many stocks also create short-lived rallies (not enough for T+ settlement before correction, but potentially sufficient for a T+6 cycle). According to the "Price Action" analysis method for VN30, we have 15 codes showing buy signals, 06 codes showing sell signals, and 09 codes showing sideways signals. GVR, VRE, GAS, PNJ.. are codes with "Bullish" trading patterns for the day. According to quantitative statistics, with today's pattern, the VN-Index has a 55% probability of increasing in the next trading session, and a 63.36% probability of the closing price being higher than the opening price. Statistics show that the market will increase tomorrow. Resistance is 1,535 points. Intraday Stock Support and Resistance (EOD) Stocks with significant trading volume spikes during the day Watchlist for tomorrow Intraday Chart: * Vietnam's textile and garment industry in 2021; * Update on 2021 business results of listed companies; US Stock Market: Oil prices sold off at the end of the session, although shares of many oil companies maintained positive levels. Price action highlights the uncertain environment investors are experiencing. The price action of the Cboe Oil Volatility Index suggests that oil prices may reverse their previous trend. Tonight's forecast suggests indices may correct downwards. Investors can download the full report via the following link:
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