Thursday, March 2, 2017

Venture: A breach above 11.00 level, may push further before profit taking, price 11.13

Following up from previous call a few days back, we have indeed seen some actions in Venture.

Was consolidating below the 10.80 level over the past few day before that gave way and it flew past the 11.00 target today as well.

Indeed a good run over the past few days.

Though it may be at an all time high, but uptrend looks pretty intact still with 11.00 holding.

Raise sl to protect of course.  J


Recent Email:

Sent: Tuesday, February 28, 2017 9:11 AM
Subject: ***** Venture: Target hit and raised on move above 10.50, price 10.54
After trading from 10.00 to 10.50 for more than a month, finally, we are seeing some actions in Venture again with it clearing above the 10.50 resistance level. Uptrend still good above the new 10.50 now with momentum indicator also looking good. One of the stable bluechips to hold and ride. Target finally hit for previous email, can be raised to 11.00 now in the short term.

For illustration purpose only

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