MARKET INSIGHTS_09092024

SUMMARY OF SOME KEY POINTS IN THE REPORT

A positive point on the technical chart is that MA(20) is crossing above MA(50) and the price remains above both of these moving averages. Both of these moving averages are trending upwards. This is theoretically a short-term bullish signal.

RSI(14) today corrected downwards and retested the resistance level, which has now become a support level. We expect RSI(14) to rise again in tomorrow’s trading session.

Regarding cash flow, basically, we did not see much excitement in today’s session. The leading flow was in the steel group, but trading was not overly impressive.

According to the “Price Action” analysis method for VN30, we have 02 codes giving buy signals, 09 codes giving sell signals, and 19 codes giving sideways signals. VHM, GAS… show positive signals.

According to quantitative statistics, with today’s pattern, in the next trading session, VN-Index has a 51% probability of increasing points and a 36.36% probability of the closing price being higher than the opening price. Based on statistics, the index is expected to increase with the closing price higher than the opening price in Tuesday’s trading session. Support is 1,256 points and resistance is 1,300 points.

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