CFD Trading – Buy Venture Corp (V03.SGX) @ $18.60. Stop @ $18.38 and Target @ $19.40.

Venture Corp Stock Code V03.SGX

Outlook

The price decline was halted by the cloud, keeping the bullish trend intact. The price correction also managed to close above an uptrend line, keeping the uptrend intact. A Doji candlestick price pattern is hinting at a halt to the price decline. Conversion and base lines had a bullish crossover earlier, hinting at a bullish price trend. MACD is bullish and is hinting at a bullish price trend. We think price is likely to move higher to the previous price high at $19.40 in the next 2-3 weeks.

Strategy                  

$18.60                Buy

$19.40                Price Target

$18.38                Risk Management Stop

3 weeks              Trade Duration

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