VISTA Theme for year 2019 - Vietnam Index Chart Analysis

Vietnam is part of VISTA theme that has seen a sell off rout in year 2018 on the backdrop of rising US dollar, rising Treasury yields and emerging markets BRIC and VISTA had their currencies weakening, and stock indexes steep correction.

Emerging markets theme BRIC comprising Brazil, Russia, India and China while VISTA theme comprising Vietnam, Indonesia, South Africa, Turkey and Argentina.

Turkey part of VISTA is said to have maintain a high US dollar denominated debt.

https://www.marketwatch.com/story/3-reasons-why-the-selloff-in-turkeys-lira-matters-to-global-markets-2018-08-10

https://www.marketwatch.com/story/how-the-lira-selloff-compares-to-turkeys-previous-crises-2018-08-14

https://www.cnbc.com/2018/08/13/turkey-lira-crisis-knocks-emerging-market-currencies-to-multi-year-low.html

https://www.straitstimes.com/world/middle-east/turkeys-erdogan-says-attack-on-economy-no-different-from-attack-on-flag

https://en.wikipedia.org/wiki/Turkish_currency_and_debt_crisis,_2018

https://www.google.com.sg/search?q=turkey+sell+off&rlz=1C1CHBF_enSG798SG799&oq=turkey+sell+off&aqs=chrome..69i57j0l2.5299j0j8&sourceid=chrome&ie=UTF-8


With post G20 meeting hosted by Argentina concluded on 30 November to 1 December, it was a successful meeting between USA and China where they had implement trade war tariff truce for 90 days.

https://www.msn.com/en-ca/news/world/a-look-at-what-happened-at-the-g-20-summit-in-argentina/ar-BBQo4La?li=AAgfIYZ

Let us take a look at the charts of VISTA theme attached is Vietnam Index

We are still at 50th percentile of the bullish market which had many more years to go. Charts display bullish strength where Vietnam Index had seen a retracement correction after hitting 1200 points high in January 2018.

Vietnam Index Monthly Chart Historical 7 Dec 2018

Vietnam Index Monthly Chart Historical 7 Dec 2018 with Technical Analysis

Above charts display bullish chart pattern, Vietnam index is seen back testing a down trending line blue in color connecting the peak and trough sum up a price channel chart formation. Orange color line is the median line of a price channel. Analyzing the formation of purple color line connecting the peak and the red color line connecting all the trough (support) is a bullish chart formation of ascending triangle.

Vietnam Index (Bloomberg) Monthly Chart Historical 7 Dec 2018

Vietnam Index (Bloomberg) Monthly Chart Historical 7 Dec 2018

VNindex chart display a mix of bullish chart formation symmetric triangle and bearish chart formation descending triangle. Will Vietnam Index break out of downtrending line in purple color and a new trend emerged for a swing setup. A potential W double bottom in the making with upside target of 1017 points 1st level resistance, 1211 points 2nd level resistance, 1600 points equal 900 + 700 points 3rd level resistance using simple mathematics formula to determine price.





Disclaimer: All news, information and charts shared is purely by my research and personal views only. This is not a trading recommendation or advice but on the basis of sharing information and educating the investment community. Different traders and investors adopt different trading strategies and risk management approach hence if in doubt please approach or seek clarifications with your Financial Adviser, Broker and Banker.