Venture Stock Code V03.SGX
Outlook
Price rose to a recent high just three days ago at $16.44 on 8 June 2020. This was followed by three of correction bringing price down to $15.48. This is back to a series of previous price highs for this stock, which is now acting as supports to halt the price decline. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish and turning up and both its lines are above the zero line. We expected price to move higher to the next price high resistance at $16.73
Strategy
$15.25 Buy
$16.70 Price Target
$14.70 Risk Management Stop
3 weeks Trade Duration
Creative Stock Code C76.SGX
Outlook
Price gapped higher following a corporate announcement rising to a high of $3.95. For the past two days, price had been declining. Price dropped to a low of $2.88 yesterday. This is near to a gap that was created when price gapped up to a recent high. If price can stay above this gap, there is a good chance it will test the high of $3.95 again. Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish and pointing up and both its lines are above the zero line.
Strategy
$2.83 Buy
$3.93 Price Target
$2.33 Risk Management Stop
4 weeks Trade Duration
