HOSE Vietnam Stock Index(VNI) – Divergence in the uptrend

Filed Under (Finance Help) by Admin on 05-10-2009

Continuing economic developments in this vibrant country has lifted the Vietnam equity market to a new 17-month high. The VN index of HOSE rose as high as 594.32 points before settling at 580.90 points. The 595 points level is a 38.2% Fibonacci level from the 2-year bear trend that started from the highest level in the index in March 2007 to the low in February 2009. The benchmark index rose 34.2

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