CFD Trading – Sell Venture (V03.SGX) @ $17.30. Stop @ $17.95 and Target @ $16.15.

Venture Stock Code V03.SGX

Outlook

Price had closed below the cloud in the previous 3 trading sessions keeping the chart outlook bearish. In the previous trading session, a big black candlestick is hinting at acceleration in the bearish price trend. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is bearish and is hinting at a bearish price trend. We think price is likely to move lower to the previous price gap support at $16.13 in the next 2-3 weeks.

Strategy                  

$17.30                Sell

$16.15                Price Target

$17.95                Risk Management Stop

3 weeks              Trade Duration


3 thoughts on “CFD Trading – Sell Venture (V03.SGX) @ $17.30. Stop @ $17.95 and Target @ $16.15.

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