VNINDEX trade ideas
Ichimoku with Psychological indexBuy signal when Psychological index cross 25 then go up and Ulcer Index greater than 5
Sell signal when Psychological index cross 75 then go down and Ulcer Index is low
VNINDEXHello everyone.
Today I post back Plan VNINDEX to suit the SPX plan that I posted on the weekend. Short-term VNINDEX will rise to 960. But before rising, the market may correct to 820.
VNINDEX SHORT OR SELL TARGET DROP TO 760VNINDEX :
For members of Vietnam, as a warning that the market will continue to go down until seeing large volume and a spike 5-7%.
According to the analysis, testing 760 is needed immediately, and it is expected to take 1 month.
Short or Sell : 825
Stop loss : 850
Target : 762
Wish you good deals!
VNINDEX follow the planHOSE:VNINDEX
Daily chart need more time to develop the move. So far there is nothing change much. Wait to break the low for confirming the count
VNINDEX Expecting a major retracementHOSE:VNINDEX looks loosing strength when approaching the weekly supply zone. RSI was in OB region supports a retracement happen very soon
Call for the bottom calling for the bottom of HOSE:VNINDEX
at least we look for some reaction at this level for 20-25% before return to the larger trend
VIETNAM INDEXWe are currently about to shoot up to the supply zone at QML then the equal drop will follow as per the chart.
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! :)
