dchua1969

Venture , the sleepy giant awakes!!!

Long
dchua1969 Updated   
SGX:V03   VENTURE
It is high time that this sleepy giant wakes up and rise to its occasion.

We are now in a symmetrical wedge but bullish trend as well.

You can wait for the breakout of the bearish trend and buy on pullback with profit target aiming at 20.00. Once this hurdle is crossed, we can then look at 22 and more.
Comment:
a nice doji candle pattern which signify bullishness. Expect it to break out this week
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Nice, it closed above the bearish trend line. If no surprises, tomorrow, I would consider longing this stock
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No, I have not long this stock thus far as I am still watching it. The fake breakout must have caught the early bulls by surprise before slamming hard on them. Ouch !!!

The next level of support is 11.8
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Looks promising now after 3 over months of waiting.....
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Finally, after 6 months of waiting.......it has now breakout of the bearish trend line.
let's wait for 1-2 days bullish signals as confirmation.
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16 is a good entry point
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finally, it broke out of the resistance level at 19.52
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Sorry guys, it was a weak and fake breakout. If you draw a diagonal trend line up, it is still bullish so wait for the next few bullish signals first before going long
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those who keen to long can wait for the closing later
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expect it to break up soon
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For the last 3 months, it has been hovering around the 19.52 price level . I will add more later when market opens as bullish signals are here
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