3 years ago, when VNINDEX break 1200, media has a topic P/E=23 is still cheap => market crash
Now, with P/E = 18, media still has a research paper say: market is still cheap -> correction ~15% (-200 points).
So, what next?
After make ATH at 117x on 2018, VN30 break down MA20 and never breakout again. If Vietnam GDP is around 4% this year because the effect of covid-19, i'm pretty sure VN30 will bottom at 500 (+-30).
Back to recession 2000 and 2008, market will have positive RSI divergence before start new cycle. So, it's time different or same with history. Wait and see.
