MARKET INSIGHTS_06092022

MARKET PULSE

The VN-Index closed trading forming a “Black Candle” trading pattern. Trading volume increased but remained below the 20-day average. A price increase with a volume increase is theoretically a good pattern, but overall today was not a clear day for an upward trend.

Key points to note: (i) The VN-Index’s band is currently narrowing. Two possibilities exist at this time: either the indices will enter a period of strong volatility (up or down) or they may continue a sideways trend. We lean towards the sideways scenario with stronger differentiation at this time. (ii) Negative divergence with RSI(14) warns of a short-term reversal of the index. (iii) The VN-Index traded with 4 small-bodied candles trapped within the price gap area. This indicates investor indecision between rising and falling. Overall, this trend may continue.

According to the “Price Action” analysis method for VN30, we have 04 codes giving buy signals, 09 codes giving sell signals, and 17 codes giving sideways signals. POW, GVR, GAS… give 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 50% 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 1,300 points. Support is 1,226 points

Intraday Stock Support and Resistance (EOD)

Stocks with a Significant Surge in Intraday Trading Volume

Watchlist of Stocks for Tomorrow

Intraday Chart:

• China’s exports recovered from early 2022;

US Stock Market: Stocks remained under strong selling pressure despite efforts to push prices higher in the initial minutes of trading. In the short term, the S&P 500 index has support around the 3,900 point area. We believe that bottom-seeking reactions will continue to appear around this area.

Investors can download the full report via the following link:

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