Venture Stock Code V03.SGX
Outlook
Price reached a high of $19.52 on 20 October and a price correction soon followed. During the price correction, price was supported by the upper edge of the cloud, keeping the bullish trend intact. The thick cloud is also providing a strong support to price. Lagging Span is above price of 26 days ago but is below the cloud. MACD remains bullish and is hinting of a bullish price trend. We think the correction is near to a strong support and we are likely to see a rally if price stay above the cloud support. We see a rally to $19.20 in the next 2-3 weeks.
Strategy
$18.40 Buy
$19.20 Price Target
$17.99 Risk Management Stop
3 weeks Trade Duration
