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NEWS WATCH Venture Corp ST: below its lower Bollinger band
Trading Central | 2018-04-24 22:21:00

Alternative scenario: above 27, look for 29.1 and 30.3.

Our pivot point is at 27.

Our preference: the downside prevails as long as 27 is resistance.

Alternative scenario: above 27, look for 29.1 and 30.3.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 27.8 and 27.05). Finally, Venture Corp has penetrated its lower daily Bollinger band (24.78).

Supports and resistances:
30.3 **
29.1 *
27 **
26.2
23.4 (SGD-last)
20.8
19.7 **
18.6 *
17.4 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 04-25-2018 at 00:21 UTC+1
Price reference: 23.40 last known on 04-25-2018 at 00:21 UTC+1
Investment horizon: ST

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