MARKET INSIGHTS_29052023
29/05/2023
MARKET PULSE VN-Index closed trading forming a "Long White Candle" pattern. Trading volume increased and was above the 20-day average. Rising price and increasing volume are good technical signals. Key points to note: (i) The VN-Index has had a "Break out" from the resistance channel of the triangle pattern. A "Break out" combined with volume, breadth of leading codes, and speculative phenomena is always a good technical signal. (ii) Currently, stocks are facing the 200-day MA resistance. A "Break out" at this resistance area would also confirm that the index will return to a long-term uptrend. (iii) Foreign investors returning to net buying is also a good signal, reducing pressure on the VN30 group. This immediately pushed the index up more strongly, and excitement has emerged. (iv) ADX(14) has started to rise and shows signs of breaking out of the sideways trend. This signal once again shows that the market is trading well. (v) In the market cycle report we sent to investors, we noted that the bottoming cycle is repeating, and this is clearly reflected in the rising stock class, which is quite similar to what we expected. In this regard, investors can use a 5-3-2 allocation strategy, and buying and holding stocks will achieve higher performance. According to the "Price Action" analysis method for VN30, we have 11 codes giving buy signals, 02 codes giving sell signals, and 17 codes giving sideways signals. GVR, VHM, PLX, GAS... are giving positive signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 50% probability of increasing and a 100% probability of the closing price being higher than the opening price. Statistics show that the index will trade indecisively between gains and losses, with the closing price higher than the opening price on the next day. Support is 1,018 points and resistance is 1,100 points. Intraday Stock Support and Resistance (EOD) Stocks with significant increase in trading volume during the day Watchlist for tomorrow Intraday Chart: * Q1/2023 Business Results Update for securities companies; US Stock Market: Forecast for tonight is that indices will increase. 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 […]
