MARKET INSIGHTS_28072022
28/07/2022
MARKET PULSE The VN-Index closed the trading session forming a "White Candle" trading pattern. Trading volume increased and exceeded the 20-day average. Price increase with volume increase is a good sign. Key points to note: (i) The index successfully conquered the psychological resistance level of 1,200 points with high trading volume. This helps investors shed their pessimistic mindset. (ii) We believe the index will continue to rise, and then divergence will appear next week (the initial phase usually sees steady price increases). According to the "Price Action" analysis method for VN30, we have 17 stocks showing buy signals, 04 stocks showing sell signals, and 09 stocks showing neutral signals. Banks... show negative signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 51% probability of increasing and a 62.5% probability of the closing price being higher than the opening price. Statistics show that the index will increase in tomorrow's trading session. Resistance is at 1,236 points and short-term support is at 1,142 points. Stock support and resistance for the day (EOD) Stocks with abnormal trading volume during the day List of stocks of interest for tomorrow Intraday chart: * Fed raised interest rates by 75 basis points for the second time in 2022; US Stock Market: The market rose after the FED's interest rate hike decision. This development is similar to recent rate hikes. Investors will focus on tonight's trading session: If the index rises, it will change the short-term outlook (the last 2 times saw sharp declines). Tonight, the US also announced Q2/2022 GDP. The latest forecasts indicate that GDP will show negative growth, and according to common definitions, the US economy is already in recession. However, whether a recession is confirmed or not largely depends on the NBER's announcement. This is a strange period for the financial market because currently, unemployment in the US is at its lowest level in 10 years. We also note that GDP growth usually has little impact on the stock market, especially in the US. Tonight, the US stock market is expected to continue to rise. 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 “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 […]
