Venture Stock Code V03.SGX
Outlook
Price broke above the cloud 4 days ago and has been trading above the cloud since that breakout. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish with both lines above the zero line. MACD is hinting at a bullish price trend. As long as price stays above the cloud, we think price could be head to the previous high at $18.38 in the next 2-3 weeks.
Strategy
$17.50 Buy
$18.35 Price Target
$16.95 Risk Management Stop
3 weeks Trade Duration
