Venture Stock Code V03.SGX
Outlook
Price reached a low of $17.41 on 3 February 2022 and we have seen a price rally which brought price above a previous price resistance. This created an Ichimoku reversal with a V-shaped price projection at $19.13. Lagging Span is above price of 26 days ago but is inside the cloud. MACD has a bullish crossover, hinting at bullish price trend. As long as price stays above previous high at $18.27, the bullish price trend is likely to send price higher to $19.13, which is also the Ichimoku price target, in the next 2-3 weeks.
Strategy
$18.45 Buy
$19.13 Price Target
$17.90 Risk Management Stop
3 weeks Trade Duration
