MARKET INSIGHTS_18072022
18/07/2022
MARKET PULSE
The VN-Index closed trading forming a "Black Candle" pattern. Trading volume increased and was above the 20-day average. Decreasing price with increasing volume is not a positive trading pattern. Key points to note: (i) The resistance level determining the VN-Index's trend at this time is 1,190 points. (ii) Market breadth is still trending upwards, although in terms of points, we still have a rather limited upward momentum. We observe that supply is not excessively large, even though at times the market did not create excitement in trading. (iii) We currently have a flat base with a consolidation triangle. Therefore, perhaps in about 10 more days, the probability of strong volatility will increase. Technically, at that time, investors will participate in strong selling or stronger buying. We lean towards a positive trend, but investors should still hedge in trading. According to the "Price Action" analysis method for VN30, we have 06 codes giving buy signals, 06 codes giving sell signals, and 18 codes giving sideways signals. Banks are giving negative signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 51% probability of increasing points and a 68.75% probability of the closing price being higher than the opening price. Statistics show that the index will increase tomorrow. Resistance is at 1,190 points and short-term support is at 1,142 points. Intraday Stock Support and Resistance (EOD) Stocks with unusual trading volume during the day Watchlist of stocks for tomorrow Intraday Chart: * Businesses that have completed > 70% of their 2022 business plan; * ECB is a major creditor of the Italian government; US Stock Market: After recession noise, the S&P500 index did not set a new low. In the last two sessions, despite bad news, the market is trending upwards with many stocks setting new highs. Tonight's forecast is for indices to rise, and Nasdaq will face its significant resistance in many months. 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 […]
