Venture Stock Code V03.SGX
Outlook
Price, after reaching a high at $17.89, went into a correction. The price correction is currently supported by the Conversion line above the cloud, keeping the uptrend intact. Conversion and Base lines remain in a bullish crossover, hinting at 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, is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $17.93 in the next 2-3 weeks.
Strategy
$17.05 Buy
$17.90 Price Target
$16.75 Risk Management Stop
3 weeks Trade Duration
