CFD Trading – Buy Venture (V03.SGX) @ $17.45. Stop @ $16.98 and Target @ $18.25.

Venture Stock Code V03.SGX


Price broke above the cloud on 11 November and reached a high of $17.89. Since that high, price has been in a consolidation. This consolidation was supported by the Conversion line and the cloud, keeping the uptrend intact. 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. We think price is likely to move higher to the previous price high at $18.26 in the next 2-3 weeks.


$17.45                Buy

$18.25                Price Target

$16.98                Risk Management Stop

3 weeks              Trade Duration

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