Monday, February 10, 2014

Vietnam ETF Consolidating Recent Gains

The Vietnamese ETF has bucked the trend of emerging market sell offs of late.  Prices started rallying in early September.  They consolidated gains at the end of last year between the 18.5-19 price level then rallied strongly in January, moving through resistance in the upper 20s.  Notice the big volume in-flow.  Prices are now consolidating in a triangle pattern between 20.3 and 22.2.