VNM Index Which direction will it go? 📈📉 Breakout or breakdown? ⏰🎯 A market with alot of potential we will keep tabs on...
Since launching in August 2009, in both absolute & relative terms, the VanEck Vietnam ETF (VNM) has displayed a positive seasonal tendency over the last 2 trading days of December & first trading day of January. 3-day average absolute return 3.27%, standard deviation 3.11%, absolute win rate 12 from 13 events. 3-day average relative return vs the S&P 500 Index...
AOTS, an acronym I borrowed meaning alignment of the stars. All moving averages correctly stacked in proper sequence signaling a very bullish uptrend Despite increasing c. cases. From peak to trough in this weekly chart, VNM has completed an ABC down & started wave 1. However,be careful as there will be very strong resistance at around 24 the 2014 Top which...
Broke the 200 MA and thru resistance. Stop = 14.07 Target $16.50 (Equal move)
VNM is the closest ETF that one can get to its stock markets. About 50% of its components lies in real estate and financial institutions. Like all emerging markets, these are the sectors that drives the economy. Banks liberalised, lend more money out, developers borrowed cheaply, build projects to attract investors, bringing local economy up. From lowering of its...
This hasn't broken the trend line or breached the 20 sma. If it bounces off of the (take your pick) it would be a good indication that this will continue to go up as long as Vietnam continues to move into Chinese retail space. Use the trade war to your advantage :)
VNM poised for markup following period of accumulation using Wyrckoffian Logic?
Breakout set at 17.43 Half an ATR from the neckline. Target is 19.98 Keep an eye on gaps getting filled/providing resistance
Among emerging countries, Vietnam stands out as the one with the most growth potential -albeit a communist regime. If the index goes down further, along with the emerging market rout, this will be an interesting opportunity to get in. There is plenty of upside potential on the long-run. Unfortunately, just a 1.05% yield.
VNM appears to have bottomed and begun an ascent higher. It can be a bit volatile, but not a bad play for a month or two holding period. A few levels of resistance to pass through, however in the past for this market, it didn't take much time to get through them (200DMA, overhead trend resistance, and 50% retracement level).