MARKET INSIGHTS_05012022

MARKET PULSE

The VN-Index closed trading forming a “Long Black Candle” trading pattern. Trading volume increased and was above the 20-day average. Falling prices with increasing volume is not a good technical signal.

Key points to note: (i) RSI(14) formed a bearish divergence warning of a reversal (No confirmation yet, just an initial signal). (ii) Price moved outside the Bollinger Band, so there is a high probability of a correction. (iii) Diversified and widespread cash flow indicates excitement at this time.

According to the “Price Action” analysis method for VN30, we have 09 codes giving buy signals, 09 codes giving sell signals, and 12 codes giving sideways signals. The banking group, GAS, and VRE are the groups with good trading patterns at this time.

According to quantitative statistics, with today’s pattern, in the next trading session, the VN-Index has a 48% probability of increasing and a 55.56% probability of the closing price being higher than the opening price. Statistics show that the market will decline in tomorrow’s trading session..

Intraday Stock Support and Resistance (EOD)

Stocks with unusual trading volume during the day

Stocks to watch tomorrow

Intraday Chart:

• Fed expects interest rate hikes for 2022 and beyond;

US Stock Market: Dow stocks rose while Nasdaq stocks fell. This price action suggests investors prefer buying dividend-paying stocks now, especially those that will hold their value in an inflationary environment. Major indices are forecast to correct downwards tonight.

Investors can download the full report via the following link:

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