MARKET INSIGHTS_14052024

In the short term, a resistance is the price area of 1,250 points, which is also the downtrend channel established since March 7, 2024. Even if this resistance is overcome, we are entering a dense resistance area from 1,250 – 1,300 points, which is also a dense resistance, making it difficult for the market to have a strong breakthrough in terms of points. Typically, wave 5 only sees a uniform breakthrough in its final phase, while in the initial phase, stock differentiation is very strong and stock selection is relatively difficult. During wave 5, trading volume also often decreases..

According to quantitative statistics, with today’s pattern, in the next trading session, VN-Index has a 51% probability of increasing points and a 41.66% probability of the closing price being higher than the opening price. Based on statistics, the index traded up with the closing price not clearly higher or lower than the opening price in Wednesday’s trading session. Support is 1,210 points and resistance is 1,280 points.