Venture Stock Code V03.SGX
Outlook
After reaching a high of $17.85 on 5 May 2022, a price correction followed. The price correction was supported at the Fibonacci 50% correction point. In the previous trading session, a bullish Engulfing candlestick price pattern was formed and is hinting at a reversal and a bullish price trend. Conversion and Base lines had a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days but is inside the cloud. MACD is bullish with both its lines above the zero line. MACD is hinting at a bullish price trend.
Strategy
$17.40 Buy
$18.05 Price Target
$17.05 Risk Management Stop
3 weeks Trade Duration
