--> Trading Strategies Blog

Since mid April, the Market Vectors Vietnam ETF (VNM) has been setting a sequence of higher lows, as it has consolidated along its 20-day EMA. This is an excellent exhibition of relative strength since most ETFs have lost support of both their 20-day and 50-day moving averages during the most recent bout of selling. If the market posts a buy signal and VNM is able to maintain support at the 20-day EMA, it could offer a buying opportunity on a move above resistance near $21.30.

Continue Reading...
Follow us on Twitter

Latest Tweets