Snapshot of Venture Corp's chart as of 26th September 2008. There is indication of over sold and potential for some short term bounce. However, any trade into this should be short and quick.
Sunday, September 28, 2008
Venture Technical Analysis - Down trend
Continued from 2 weeks ago, Venture bounces of the 20MA and resume its down trend. Overall market condition is still no good for consumer electronics. With the threat of recession, it may not see any near term turn around. However, the US bail out which should be passed soon, will provide some relief to the counter. It may break the 20MA and meet the 50MA. However, this will be short lived as longer term trend should still favors downward movement.
Snapshot of Venture Corp's chart as of 26th September 2008. There is indication of over sold and potential for some short term bounce. However, any trade into this should be short and quick.
Snapshot of Venture Corp's chart as of 26th September 2008. There is indication of over sold and potential for some short term bounce. However, any trade into this should be short and quick.
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About Me
- ES Sei
- I'd like to share my experiences and knowledge about healthy and happy living as well as mid-life crisis. 不以物喜，不以己悲。
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