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Venture Corp ST: as long as 27.5 is support look for 31.8
Trading Central | 2018-04-19 23:18:00

The stock could retrace in the short term.

Our pivot point stands at 27.5.

Our preference: as long as 27.5 is support look for 31.8.

Alternative scenario: below 27.5, expect 26 and 25.1.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (respectively at 28.29 and 26.88). Venture Corp is currently trading near its 52 week high reached at 29.65 on 13/04/18.

Supports and resistances:
33.5 **
32.7 *
31.8 **
30.9
28.82 (SGD-last)
28
27.5 **
26 *
25.1 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 04-20-2018 at 01:18 UTC+1
Price reference: 28.82 last known on 04-20-2018 at 01:18 UTC+1
Investment horizon: ST

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