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.”