CFD Trading – Sell Venture (V03.SGX) @ $14.65. Stop @ $15.60 and Target @ $12.90.

VENTURE   Stock Code V03.SGX

Outlook

The chart outlook is bearish as price is trading below the cloud. It further broke below its recent price low. Conversion and base lines remain in a bearish crossover, hinting at the continued downward momentum. The MACD is bearish and a bearish crossover is likely. We are likely to see price continuing to move lower.

Strategy                     

$14.65                Sell

$12.90                Price Target

$15.60                Risk Management Stop

3 weeks              Trade Duration

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