MARKET INSIGHTS_27022023
27/02/2023
MARKET PULSE
The VN-Index closed trading forming a "Black Candle" trading pattern. Trading volume increased and surpassed the 20-day average. Decreasing price with increasing volume is a negative signal. Key points to note: (i) The VN-Index broke the 1,030-point support level today. Theoretically, this is a negative signal. (ii) The band opened, supporting a downward price movement, and if ADX(14) accelerates, it could lead the market to form a stronger downtrend. Currently, we need to observe this signal further to determine the price trend. (iii) Regarding the stock groups we monitor, such as LCG (Public Investment), PVD, PVS (Oil & Gas), HSG (Steel), they have not yet violated their trends. As long as these groups remain stable, the low score decrease might be largely influenced by large-cap stocks and selling pressure primarily from Dragon Capital funds. According to the "Price Action" analysis method for VN30, we have 00 codes for buy signals, 06 codes for sell signals, and 24 codes for sideways signals. VCB, PLX, TPB... show negative signals. According to quantitative statistics, with today's pattern, the VN-Index has a 50% probability of increasing in the next trading session, and a 0% probability of the closing price being higher than the opening price. Statistics show that the index will trade indecisively, leaning towards a downtrend in tomorrow's session. We expect a hammer candlestick and that oil & gas, public investment, and steel groups may recover first. Resistance is 1,130 points. Support is the 980-point region. Intraday Stock Support and Resistance (EOD) Stocks with sudden surge in trading volume today Watchlist stocks for tomorrow Intraday Chart: * Ukraine: US military aid exceeds Afghanistan costs; * Russia's daily fossil fuel revenue remains at $0.5 billion USD; US Stock Market: The S&P 500 is above the dynamic support area MA(200) and Nasdaq is at AVWAP ATH support, which is strong support, so there is a relatively high probability that the index will trade indecisively and end higher today. However, the medium-term trend needs to be reviewed in another 1-2 weeks. 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 […]
