Last step of falling wedge pattern. Buy when it breaks 1.9
Is is the 10th Green month and keep its streng to next Fibo?
Test MA 20 failed, might be break down the flag and next target is $0.4
We does not have a correction to back-test 1200? What's news to make the correct? Inflation or Covid? We have RSI divergence on both W and D chart.
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.