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VCSC Daily - Has correction ended?

Market Commentary

04 Jan 2013

Technical comment. According to our technical indicators, short-term and medium-term peaks are likely to be formed in the upcoming sessions. Specifically, the VNI might reach its medium-term target of 430 next week. Beware for the repeat of the scenario in September 2011. Short-term and medium-term investors should consider reducing stock proportions and not to chase up prices to open new positions in the upcoming rallies.

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