V03 trade ideas
Venture is approaching support, potential bouncePrices are approaching our support in line with our ascending trend line and 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
[Analysis] Venture (V03)(Sg)This is not a trade set up
Venture have been ranging from Aug20 until now between support 19.00 and resistance 20.70. This is a relatively tight range. During this period, down moves have higher volume compare to upmove which is lackluster. This is a sign of distribution taking place. Should support at 19.00 broken, we are likely to revisit 15.70. Traders should avoid long position unless price break out out 22.00. Otherwise, bulls will be much better of waiting at 15.70 for a better entry.
Venture is facing bearish pressure, potential for further drop Price is facing bearish pressure from our resistance, in line with our graphical pullback resistance level and 38.2% fibonacci retracement. A break below our downside confirmation target could see a further push down to test our support target at 18.20
Venture Corp (V03) - Key levels to BUYHey guys! Here's my view on V03:
Summary
I will place a BUY limit at the second support zone 9.93 - 10.58.
Currently, we are seeing a nice bounce from the 1st Support Zone and it could push up to the 1st resistance zone at 16.45 - 17.00 before a drop to our 2nd support zone.
Action:
Buy Limit: 9.93 - 10.58
Stop Loss: 8.50
Take Profit: 20.47
Analysis:
Nice bounce off the 1st support zone now and it could rise further to the first resistance zone in red before a drop.
IF price breaks the 1st support zone , it is likely to push lower to our 2nd support zone where I will look to enter a BUY limit there.
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Venture , the sleepy giant awakes!!!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.
Venture Corp [1-3 weeks view]SHORT Venture Corp
Entry: 15.42
TP1: 14.85
TP2: 12.93
SL: 16.10
Market reacting below descending trendline resistance.
Trade safe guys!
**Trading is a high risk activity. Follow my personal calls at your own discretion. Always do your own due diligence and analysis. I do not take any responsibility for your losses**