MARKET INSIGHTS_22122022
22/12/2022
MARKET PULSE The VN-Index closed the trading session forming a "Small Black Candle" pattern. Trading volume decreased and was below the 20-day average. Price increase with decreasing volume is not a good support signal, however, this is often seen at the end of the year cycle of the Vietnamese stock market; Key points to note: (i) The MA(50) support came into play and the market continued to form a hammer candlestick. Thus, overall, we are seeing hesitation in trading, reflected by investors continuously buying at support but selling when green, and not truly showing a clear trend. (ii) The trading market is repeating the April 2020 pattern. If history repeats itself, this is a period of stock accumulation and a correction is also necessary. (iii) Cash flow has good rotation, and banking transactions are still emerging as a group capable of leading the market's price increase; According to the "Price Action" analysis method for VN30, we have 03 codes for buy signals, 08 codes for sell signals, and 19 codes for sideways signals. STB, VPB, CTG... show positive 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 60% probability of the closing price being higher than the opening price. Statistics show that the index will increase points in tomorrow's trading session. Resistance is 1,100 points. Support is 1,015 points and strong support is in the 970-point area. Intraday stock support and resistance (EOD) Stocks with unusual trading volume today Portfolio of stocks to watch tomorrow Intraday chart: * The labor market is still in a state of undersupply, which is why wages continue to rise sharply, and this keeps the FED chairman maintaining a hawkish policy; * How will the market perform after the midterm elections?; US Stock Market: Cyclically, the index is still rising, but looking at industry groups, the risk of decline remains high. Perhaps more time is needed to assess market risks. Caution should be considered in this case. Investors can download the full report via the following link:
Special offers for customers opening new accounts at AAS
The Portfolio Ratio Selling feature of Smartsell is suitable for customers needing to quickly sell securities.
More
Quan tâm nhiều
Equity Reports
-
BUY RECOMMENDATION VCG – CONTINUE TO BOOM IN Q3
Equity Reports
-
Electricity Sector Stocks Show Buying Point
Equity Reports
-
BUY RECOMMENDATION FOR VCG – LEADING THE PUBLIC INVESTMENT GROUP
Market Insight Reports
-
MARKET INSIGHTS_03092025
Related Articles
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 […]
