Wednesday, May 9, 2018

Venture: A recovery in sight? May see some selling first before more upside... Price 22.05

Just a few days back, we spotted some bullish actions with Venture breaking back above the 20.00 level..

This was after finding some good support at 19.00 last week after the heavy sell down we have seen in April when it was above 28.00…

There was some reversal actions spotted near the 19.00 last week too..

Some upside targets were drawn for some potential rebound opportunity… see below…

We are still in the midst of playing out and may be seeing it trade towards 23.00 as per target drawn… before some profit taking again….

Targets may be revised higher on specific price actions…. J watching…..

At least some stability coming back for now…

Would want to protect profits upwards if you have ride the quick rebound over the past few days….

See where we are now below… reaching target soon….

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