Due 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.
as you predicted vas has broken the channel. the million dollar question where will the stock find a support? around 60-65 seems like a strong support. whats your opinion?
carlyang
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@whatstrending, absolutely, 60 would be the next support level at where we experienced the 15% correction end of 2018.