VNM Out, EWP In

VNM is not doing as well as I had hoped - it has abandoned any signs of momentum reversal and is now trending down again - so I looking to pull out of it. If I do pull the plug then I will end up with some nominal losses - but there are many great options opening up for spare cash - so no worries.

Update: I got out of VNM and entered EWP instead. Here is the 3Month chart:

My exit point is around $27 - the short term support. For the short term, the momentum seems to be positive - above the moving averages, MACD positive and rising, PSAR moving up, RSI normal.

I will continue to follow VNM as I do think that it is primed for a turnaround. The last reversal was not strong - but it is only a matter of time before a stronger one takes place.