VAPX Weekly - Building up for larger move?It was disappointing that the 21.90 lateral support didnt hold, but I held onto my positions as the significant weekly 20.80 support was still in tact. As long as we remain above 20.80 the set-up remains bullish and could potentially be building up to form an inverse head and shoulder which will be
Key stats
About VANGUARD FUNDS PLC FTSE DEVLPD ASIA PAC EX JPN UCITS ETF US
Home page
Inception date
May 21, 2013
Structure
Irish VCIC
Replication method
Physical
Dividend treatment
Distributes
Primary advisor
Vanguard Group (Ireland) Ltd.
ISIN
IE00B9F5YL18
The Fund employs a passive management or indexing investment approach, through physical acquisition of securities, and seeks to track the performance of the FTSE Developed Asia Pacific ex Japan Index (the Index)
Classification
What's in the fund
Exposure type
Finance
Electronic Technology
Stock breakdown by region
Top 10 holdings
VAPX Daily - Break out targets 23.35 initiallyWe have been keeping an eye on this potential continuation rectangle for a while. The break out of the downward channel is bullish and I will further add to my current holdings. There is resistance at 23.35, but above there we could see a significant break higher. But for now... taking it level b
VAPX Daily - Still technically looking "okay"Technically the ETF is still consolidating within a continuation rectangle between 22 and 23.50 = bullish for holders. I will only look to cut my holdings below 22. One can look to add above 23.50, or wait for bottom of the rectangle hoping the support will hold? or potentially we also see a bounc
VAPX Daily - Worryingly lack of follow throughI was hoping VAPX would follow VGER and VHYL as they had similar patterns, but there has been a lack of follow through. I will continue to hold my positions whilst above 21.95 - but will look to exit below as a daily close below that red lateral support will trigger a double top.
VAPX Daily - Successful break and re-testI identified the similar bull flag pattern on VHYL and VGER and I started buying in around 22 (red zone) in anticipation that VAPX would follow suit. So far so good and we have got our confirmed break and re-test. I will use this confirmation to add to my position further - targeting 24.18
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.