CFD Trading – Buy Venture (V03.SGX) @ $19.45. Stop @ $18.75 and Target @ $21.50.

Venture Stock Code V03.SGX

Outlook

Price broke above $19.45 in the previous trading session, and in the process broke above an Ichimoku V-shaped reversal, with a price target at $21.52. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud as well, confirming the bullish trend. MACD is turning bullish with its slow line above to move above the zero line. We are expecting the rally to continue towards the Ichimoku price target at $21.52 in the next 2-3 weeks.

Strategy

$19.45                Buy

$21.50                Price Target

$18.75                Risk Management Stop

3 weeks Trade Duration

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