CFD Trading – Buy Venture (V03.SGX) @ $20.30. Stop @ $19.70 and Target @ $21.20.

Venture Stock Code V03.SGX

Price broke above a strong resistance point at $20.30 in the previous trading session after breaking above the cloud earlier. It is also an Ichimoku V-shaped price breakout. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish price trend. Lagging Span confirms the bullish trend as Lagging Span is above price of 26 days ago as well as above the cloud. MACD remains bullish with both its line above the zero line, hinting of a bullish price rally ahead. We see price moving to the previous high of $21.22 in the next 2-3 weeks. The Ichimoku V-shaped breakout forecasts a price target of $21.60.

$20.30                Buy
$21.20                Price Target
$19.70                Risk Management Stop
3 weeks              Trade Duration

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