Vanguard Australian Shares Index ETF (VAS) Vanguard Australian Shares Index ETF (VAS)
EFT Info :
Vanguard Australian Shares Index ETF (VAS) is an investment fund traded on the Australian stock exchange that allows investors to buy shares in approximately 300 of Australia's largest companies with a single purchase.
Chart Analysis
The Monthly zone is promising, entry is at 87.54 however thats the lowest timeframe i could use here.
Conc:
1.As this is monthly timeframe movement is in months and hence the long wait.
2. The zone is risky and would require a confirmation kind of trade to get into
Prop:
The Vanguard is well established and an entry would not require a target as its a wait and hold
VAS trade ideas
ASX - VAS: 8 May, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
Details: The short-term outlook suggests that the recent completion of the 1-red wave and the initiation of the 2-red wave are underway, and it appears that the latter has just concluded. Maintaining price above the support level at 92.93 would be an initial advantage for this perspective. However, there is a need for a swift and strong price increase above the 97.63 level to clarify this perspective.
Invalidation point: 83.45
Confirmation point: 97.63
Small rally?Bullish thoughts:
We have a potential dragon fly forming right now
This could mean a rally up but considering circumstances any thing can happen at this stage
Keeping an eye on the 30/3/20 to see how it forms....
Bearish scenario: is that we may drop to around the 52 mark
Let's see what happens...
ASX300 ETF bearish sentimentsDue to the Coronavirus outbreak, there has been strong bearish sentiments in the equity market. I believe that we'll see the SP of VAS (Vanguard ASX300 ETF) hit the lower channel, possibly 72 to 74. If the channel is broken, it will be catastrophic. I'll be looking to add to my current position at that price range.