Bulls or Bears? Try the Water Buffalo of Vietnam instead!
As the trade war presents many other uncertainties, looking into the frontier markets could be the best alternative. Frontier markets are not very affected by global events, but we have an underdog that may just rise higher than the other frontier markets.
Vietnam has always been deemed as one of the main countries benefiting from the trade war. As one of China's significant exporters, Vietnam is also USA's 12th largest importer, making her an excellent alternative should the trade war go south.
Furthermore, should the trade war do well, the market will be stimulated to purchase more primary goods from the viets.
In the technical aspect, it seems to be in a parallel channel with a very gentle bearish momentum. We are looking to break the resistance line should the G-20 talks go south. Eventually, Vietnam will take the world by storm as it moves away from its traditional (agricultural) economy to a more advanced economy focused on its productive capacity.
Once again, do let me know of your inputs or anywhere I can improve on. We are all here to learn! :)
Vietnam has always been deemed as one of the main countries benefiting from the trade war. As one of China's significant exporters, Vietnam is also USA's 12th largest importer, making her an excellent alternative should the trade war go south.
Furthermore, should the trade war do well, the market will be stimulated to purchase more primary goods from the viets.
In the technical aspect, it seems to be in a parallel channel with a very gentle bearish momentum. We are looking to break the resistance line should the G-20 talks go south. Eventually, Vietnam will take the world by storm as it moves away from its traditional (agricultural) economy to a more advanced economy focused on its productive capacity.
Once again, do let me know of your inputs or anywhere I can improve on. We are all here to learn! :)
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