MARKET INSIGHTS_25052023

MARKET PULSE The VN-Index closed the trading session forming a "White Candle" trading pattern. Trading volume decreased but remained above the 20-day average. Price decreasing with increasing volume and price increasing with decreasing volume are not good technical trading signals. Key points to note: (i) The VN-Index is moving within an expanding triangle channel, and this pattern is approaching its final point. We have not yet seen a "Break out," and essentially, the index is still moving sideways around the resistance area of the triangle pattern. It has now been 10 sessions since May 12, 2023. (ii) The oil and gas sector is attracting significant capital flow and creating expectations of leading the market's price increase. We see the trading pattern of oil and gas similar to the 2014 period (also 1 year after oil prices were in the $70 - $100 range); (iii) MSN, VNM, VHM have found support, and foreign investors are net buying or reducing selling, like VNM, which is also a good sign; (iv) Foreign investors are narrowing their net selling scale but are still selling quite strongly in the steel, finance, and banking sectors, which also creates a rather pessimistic sentiment among investors; however, we see capital flow starting to probe the bottom of ETFs in these sectors, which may help narrow the selling momentum and return to net buying in the coming days; According to the "Price Action" analysis method for VN30, we have 05 codes showing buy signals, 09 codes showing sell signals, and 16 codes showing sideways signals. FPT, PDR, GAS, VHM... show positive signals, while VIB, TCB, MBB... show negative signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 51% probability of declining and a 41.37% probability of the closing price being higher than the opening price. Statistics show that the index will decline on the next day. We believe that at this stage, looking at individual stock codes is still more important. Furthermore, looking throughout the past period, the buy-and-hold strategy has generated higher returns compared to continuous short-term trading. Support is 1,018 points, and resistance is 1,100 points. Intraday Stock Support and Resistance (EOD) Stocks with abnormal surge in trading volume during the day Watchlist of stocks for tomorrow Intraday Chart: * Q1/2023 business results of listed banks; US Stock Market: Basically, the market is still hesitant with an unclear trend. However, with NVIDIA announcing better-than-expected earnings, Nasdaq will continue to rise sharply. Investors can download the full report via the following link: