MARKET INSIGHTS_1002022

MARKET PULSE

The VN-Index closed the trading session forming a “Black Candle” pattern. Trading volume decreased and was below the 20-day average. Technically, this signal is not too bad. However, one concerning point is that the overall market trading volume has recently narrowed, indicating that investors are becoming more cautious in their trading.

Key points to note: (i) RSI(14) has formed a Failure Swing pattern, and the VN-Index remaining above the dynamic resistance MA(50) is still a positive signal. (ii) The market continues to trade in an accumulation-like manner, and capital flows are still circulating well among different stock groups. Fundamentally, it is not negative, especially considering that despite today’s market decline, market breadth was wider than yesterday’s trading session.

According to the “Price Action” analysis method for VN30, we have 09 codes giving buy signals, 13 codes giving sell signals, and 08 codes giving sideways signals. The banking sector continued to show negative signals today.

According to quantitative statistics, with today’s pattern, in the next trading session, the VN-Index has a 51% probability of increasing and a 40% probability of the closing price being higher than the opening price. Statistics suggest the market will increase tomorrow. Resistance is 1,535 points and support is 1,430 points.

Intraday Stock Support and Resistance (EOD)

Stocks with Significant Surge in Trading Volume Today

Watchlist of Stocks for Tomorrow

Intraday Chart:

• AAPL hits $100 billion in profit for the first time in 12 months;
• Vietnam Manufacturing PMI for January 2022;

US Stock Market: Stock and commodity prices rose as the dollar and bond prices continued to slide all week. Inflation could drive these trends to continue diverging. Inflation could benefit the stock prices of some companies, such as Coca-Cola and PepsiCo, which can quickly adapt to cost pressures. After a fairly strong gain yesterday, today’s indices may fluctuate indecisively between gains and losses.

Investors can download the full report via the following link:

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