CFD Trading – Sell Venture (V03.SGX) @ $19.60. Stop @ $20.10 and Target @ $18.80.

Venture Stock Code V03.SGX

Outlook
Price broke below the cloud on 24 February 2021 and this could be the start of a bearish trend which could bring price lower to the support at $18.70.  Conversion and Base lines had a bearish crossover earlier, confirming the bearish trend. Lagging Span is below price of 26 days ago but is inside the cloud at the moment. MACD remains bearish with both its lines moving lower, which is a hint of a strong bearish price trend. We are expecting price to decline to the support level at $18.70, which is the previous lows support area.

Strategy
$19.60                Sell
$18.80                Price Target
$20.10                Risk Management Stop
3 weeks Trade Duration

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