MARKET INSIGHTS_30012023
30/01/2023
MARKET PULSE The VN-Index closed the trading session forming a "Long Black Candle" trading pattern. Trading volume increased and was above the 20-day average. Decreasing price with increasing volume is a short-term negative signal. Key points to note: (i) After 5 strong upward sessions, a market correction is not too surprising, and is even necessary for the index to cool down. (ii) The VN-Index encountered strong resistance at the 1,130-point area, which is the dynamic MA(30) weekly resistance, where long-term investors following technical analysis identify long-term upward trends. According to past statistics, the index usually takes 2-5 weeks to trade around this area before a "Break out" or a downward correction. (iii) Cash flow spread to low-market-cap stocks, disregarding business expectations. This signal indicates excessive optimism is emerging, and a correction is also necessary to cool down overheated sentiment and allow for differentiation. According to the "Price Action" analysis method for VN30, we have 10 codes showing buy signals, 16 codes showing sell signals, and 04 codes showing neutral signals. VIC, MWG, HPG... show positive signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 48% probability of increasing and a 50% probability of the closing price being higher than the opening price. Statistics show that the index will decrease tomorrow. Resistance is 1,130 points. Support is the 970-point area. Intraday stock support and resistance (EOD) Stocks with abnormal trading volume today Watchlist for tomorrow Intraday chart: * Business results of listed companies for Q4/2022 and the full year; * The FED's balance sheet is gradually reducing total assets; * Recession and US GDP; US Stock Market: The short-term uptrend has been confirmed, and cyclical stocks or growth stocks are all trading well as earnings season begins. Ahead is the FED's interest rate meeting, and recent experience shows that the market often fluctuates up and down around 1% while awaiting news from the FOMC meeting before determining its main direction. 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 […]
