MARKET INSIGHTS_18052023
18/05/2023
MARKET PULSE The VN-Index closed the trading session forming a "White Candle" trading pattern. Trading volume decreased but remained above the 20-day average. Price increasing with decreasing volume and price decreasing with increasing volume are not good technical signals. Key points to note: (i) The VN-Index is moving within an expanding triangle channel, and this pattern is approaching its final point. We have not seen a "Break out" yet. (ii) Mid-cap and small-cap groups, along with the real estate sector, faced strong selling pressure today after a hot growth streak. This is also a necessary market correction. (iii) Large-cap stocks and fundamentally strong stocks are being actively bought by investors today. This is also a good sign indicating the rotation of capital. Additionally, the return of the securities group is also a positive signal. (iv) Foreign investors continued net buying 100 billion VND, similar to yesterday's session. HPG remains the most net-bought stock with over 173 billion VND. In the last 2 sessions, HPG has seen very strong net buying. According to the "Price Action" analysis method for VN30, we have 09 codes showing buy signals, 05 codes showing sell signals, and 16 codes showing sideways signals. POW, VIB, VRE, STB, VCB, VJC, FPT, VHM... show positive signals, while MBB, TPB show negative signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 51% probability of declining and a 72.27% probability of the closing price being higher than the opening price. Statistics show that the index will decline on the next day. Support is at 1,018 points and resistance is at 1,100 points. Intraday stock support and resistance (EOD) Stocks with abnormal trading volume during the day Watchlist for tomorrow Intraday chart: * Overview of the textile and garment industry 4M/2023; * US interbank borrowing surged since the bank run; US Stock Market: Indices are forecast to rise tonight. 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 […]
