VNM Index Which direction will it go? 📈📉 Breakout or breakdoVNM Index Which direction will it go? 📈📉
Breakout or breakdown? ⏰🎯
A market with alot of potential we will keep tabs on...
VNM trade ideas
VNM - Last 2 days of December & 1st day of JanuarySince 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 3.02%, standard deviation 2.51%, relative win rate 12 from 13 events.
This 3-day seasonal tendency begins at the close of US trading on Wednesday 28th December 2022.
Fund Objective | The Fund seeks to replicate as closely as possible, before fees & expenses, the price & yield performance of the MVIS Vietnam Index, which includes securities of Vietnamese companies. The Fund normally invests at least 80% of its total assets in securities that comprise the Fund's benchmark index.
Disclaimer: Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could & most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. It is your responsibility to consider whether any financial product or service is suitable for you based on your risk profile, investment objectives, & investment horizon. Data is for educational & informational purposes only.
VNM Vietnam etf: a classical AOTSAOTS, 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 also
Coincides with 61.8% FIBONACCI retracement.
Going below 17.20 might signal that wave 1 has topped & wave 2 corrective wave has started.
This is not financial advice.
Vietnam - a long term playVNM 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 corporate tax from 25% to 22%, Vietnam has come a long way. It's reform is gaining traction and I believe 2020 and beyond will be shining brightly on VNM.
Still a hold, and likely a buyThis 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: SALUTE TO WYCKOFFIANVIETNAMVNM poised for markup following period of accumulation using Wyrckoffian Logic?
Soon!The moving averages are telling us that the pattern breakout may be imminent (crossed fingers and toes) so keep an eyeball on this one folks.
VNM H/S BottomBreakout set at 17.43 Half an ATR from the neckline.
Target is 19.98
Keep an eye on gaps getting filled/providing resistance
Will Make For An Interesting Buy - VNMAmong 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 Looking strongVNM 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).
