MARKET INSIGHTS_25072022

MARKET PULSE

The VN-Index closed the trading session forming a “Small Black Candle” pattern. Trading volume decreased and was below the 20-day average. A price decrease with a decrease in trading volume is not necessarily a negative signal.

Key points to note: (i) The psychological resistance level of 1,200 points still hinders the index’s breakout. (ii) The market seems to be in a waiting mood for July 27th when the FED announces new policy interest rates, along with the restructuring of VN30-tracking funds on July 28th. (iii) The market still sees money flow rotation, but the profitability of stocks is quite low, especially if trading within a T+3 cycle. (iv) The VN-Index is tending to fill the price GAP.

According to the “Price Action” analysis method for VN30, we have 09 stocks giving buy signals, 09 stocks giving sell signals, and 12 stocks giving sideways signals. The banking sector shows negative signals.

According to quantitative statistics, with today’s pattern, in the next trading session, the VN-Index has a 52% probability of increasing and a 68.42% 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 at 1,236 points and short-term support is at 1,142 points.

Intraday Stock Support and Resistance (EOD)

Stocks with a Significant Surge in Intraday Trading Volume

Watchlist of Stocks for Tomorrow

Charts of the Day:

• How the US Stock Market will recover from the bear market;
• Companies with the highest revenue in the world;

US Stock Market: The general trend of the indices remains positive and money flow is rotating, however, the upside will be limited and the market will await the FED’s meeting mid-week to confirm the next direction.

Investors can download the full report via the following link:

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