MARKET INSIGHTS_21122022
21/12/2022
MARKET PULSE The VN-Index closed trading forming a "Three outside downpattern" trading pattern. Trading volume increased and was above the 20-day average. Price decrease with increasing volume is a negative signal. Key points to note: (i) The MA(50) support took effect and the market formed a hammer candlestick, although it has not yet truly confirmed the possibility of a reversal in tomorrow's session. (ii) The market is repeating the April 2020 pattern. If history repeats itself, this is a period for accumulating stocks, and a correction is also necessary. (iii) Cash flow is still circulating well and shows high differentiation. According to the "Price Action" analysis method for VN30, we have 02 codes giving buy signals, 10 codes giving sell signals, and 18 codes giving neutral signals. VJC, SBT... show positive signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 50% probability of increasing and an 85.7% probability of the closing price being higher than the opening price. Statistics show that the index will trade sideways in tomorrow's trading session. We forecast the index to increase. Resistance is 1,100 points. Support is 1,015 points and strong support is in the 970 points region. Intraday Stock Support and Resistance (EOD) Stocks with a sudden surge in trading volume during the day Watchlist of stocks for tomorrow Intraday Chart: * US stock market performance statistics before the Christmas holiday; * Japan raises 10-year government bond yield cap by 50 basis points; * Cost of Christmas dinner; US Stock Market: Currently, the S&P 500 index's movement is a negative price pattern. Positive expectations are placed on the Santa Claus rally effect cycle. In 2022, we saw that each decline was often very strong, and the index only stopped for no more than 3 rising candles. Therefore, in the short term, observing 3 candlesticks will confirm whether the main trend has changed or not? Investors can download the full report via the following link:
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