MARKET INSIGHTS_2412022
24/01/2022
MARKET PULSE
The VN-Index closed the trading session forming a "Long Black Candle" pattern. Trading volume increased but remained below the 20-day average. Technically, price increases with decreasing volume and price decreases with increasing volume are negative signals. Key points to note: (i) RSI(14) has fallen back but has not established a new low, potentially forming a Failure warning of a reversal. However, it is advisable to wait for confirmation of the trade. (ii) The VN-Index recovered following a common Bulltrap pattern, and today's sharp decline warns of significant risk. (iii) The lower Bollinger Band is tending to widen for a downward price movement. If the price continues to fall and adheres to the lower band, the market outlook will be very negative. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 48% probability of increasing and a 40% probability of the closing price being higher than the opening price. Statistics show that the market will continue to decline in tomorrow's trading session. Resistance is 1,500 points and support is 1,430 points. Intraday Stock Support and Resistance (EOD) Stocks with abnormal trading volume during the day Watchlist for tomorrow's stocks Intraday Chart: * The global stock market picture is not very positive; * What will happen if the FED raises interest rates when stock valuations are high?; US Stock Market: Stocks fell significantly lower at the end of the week, but the volatility index did not create a sense of panic among traders. Dow Theory signals for a bear market have not yet appeared, so there is still an opportunity for indices to recover. However, it should be noted that in the past few sessions, each time support was touched, some technical signals of the index were quite good and often green at the beginning of the session, but the session always ended with a sharp turn into the red. This reflects increasing high risk. Currently, the market is approaching long-term support, and observing whether the index can form a bottom will be essential. Furthermore, if the index ends January with a decline, it will signal a not-so-positive year for the entire market according to the January effect model. 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 […]
