Friday, November 11, 2016

Venture: Can it head to our 2nd target next? price 9.84

From previous call few days back, indeed seen more buy ups today with it crossing above our 1st target at 9.80 level even.

Looks set to test the 10.00 level where we can start to see some profit taking again.

Would be good to take some profits near there, raise stop loss for now.   

Indicators are still pointing towards more strength.


Recent Email:

Sent: Wednesday, November 09, 2016 9:23 AM
Subject: ********** Venture: A breakout seen above 9.60 can lead the next up phase, price 9.65
We have seen Venture consolidated from 9.00 to 9.60 for more than 3 months and finally over the past few days, we have see a move above this key resistance. As long as 9.60 holds as the support now, we can start to see the uptrend continue in the longer term towards 9.80 then 10.00. Moving averages are still looking positive.

For illustration purpose only

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