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VCSC Daily - Market Flat After Early Loss

Market Commentary

06 Dec 2012

Technical comment: We think that the slight correction pressure may continue tomorrow, but this correction will not affect the recent short-term uptrend. Of note, the VNI will continue to test the resistance of the 50-day moving average tomorrow. Therefore, investors should not sell during the slight correction. The correction is an opportunity for investors to restructure their portfolios and they should not chase prices when the market recovers.

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