Vietnam Dairy Products Corp.
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VNM (HOSE) — Monthly | Elliott Wave Outlook

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🔎 **VNM (HOSE) — Monthly | Elliott Wave Outlook — Completion of the corrective cycle, anticipating a new bullish phase**

• On the Monthly timeframe, VNM has completed a full **5-wave bullish cycle (green)**, topping at the **149.100** region.
• Thereafter, VNM entered a major corrective phase labeled **W–X–Y (teal)**, developing within a long-term descending channel.
• The **red wave C** within **teal wave Y** appears to have completed around the **51.400** area, signaling potential exhaustion of the corrective structure.
• From this base, VNM is forming the first impulsive advances, suggesting the market may be entering the early stage of a new bullish cycle.
• As long as price continues to hold above **51.400**, the medium- to long-term Bullish outlook remains technically valid.

📌 **Preferred scenario (Bullish – long term):**
• Monitor for accumulation opportunities in line with the emerging uptrend, prioritizing pullbacks within the next advancing wave.

⛔️ **Invalidation level:**
• A decisive break below **51.400** → bullish scenario invalidated → wave structure must be reassessed.

🧭 **Investment philosophy:**
*Cycles never repeat exactly, but the rhythm of waves always persists.*

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