MARKET INSIGHTS_2402022
24/02/2022
MARKET PULSE VN-Index closed the trading session forming a "Black Candle" pattern. Trading volume increased and was above the 20-day average. Technically, this trading volume carries negative implications. Key points to note: (i) The red line remains the resistance of RSI(14), which is still a medium-term resistance, and RSI(14) formed a downward pattern. (ii) The market has a right shoulder pattern with trading volume typically lower than the left shoulder and at the peak. Therefore, to break this pattern, the index needs to quickly surpass the resistance level of 1,535 points. (iii) Technical models do not support an upward trend, but the selling pressure is not excessively low, even though today the market received news about the Russia-Ukraine war, and there was a moment of panic when the total selling force reached 100 million shares in 5 minutes, but fundamentally, cash flow absorbed well and pulled up by the end of the day. Furthermore, we observe that the market continues to differentiate upwards even when the index pressure dropped by more than 20 points and was at risk of falling by 40 points according to the current trend. This indicates that the current risk is acceptable for short-term investment choices with stocks that have their own stories. According to the "Price Action" analysis method for VN30, we have 05 codes showing buy signals, 10 codes showing sell signals, and 15 codes showing sideways signals. Basically, VN30 worsened today, especially VIC and VNM. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 51% probability of increasing and a 50% probability of the closing price being higher than the opening price. Statistics show that the market will increase tomorrow. Resistance is 1,535 points. Support is 1,470 points. Intraday Stock Support and Resistance (EOD) Stocks with abnormal trading volume today List of stocks of interest for tomorrow Intraday Chart: * Stock market and wars; * Is history repeating itself?; US Stock Market: Stocks made a steady decline today, adding to a three-month long trend that put the Nasdaq 100 into bear market territory. The report predicts the index will fall tonight. 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 […]
