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...
Vietnam Etf
U.S companies are looking at Vietnam and India as possible replacements for China Manufacturing. Especially with Trump bringing back Nationalism.
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 :)
