Stock with Momentum: Venture Corp Ltd

February 5, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we focus on Venture Corporation Limited (SGX: V03) as the share price action has likely confirmed the bottoming and is likely to head higher.

Here is a look at some of the key highlights of the technical report.

  • Market Position: Venture Corp is currently considered a ‘Technical Buy’ with a last price of S$13.84.
  • Entry Prices and Support Levels: Entry prices are S$13.84, S$13.27, and S$13.00, with support levels at S$12.44 and S$13.27.
  • Stop Loss and Resistance Levels: A stop loss is recommended at S$12.52, with resistance levels at S$14.79 and S$16.00.
  • Target Prices: Target prices are S$14.20, S$15.00, S$15.20, and S$16.20.
  • Company Overview: Venture Corp specializes in providing global electronics services, including design, manufacturing, and supply-chain solutions.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Disclaimer in the report attached

Chua Wei Ren, CMT

With over 12 years’ experience, Wei Ren is a market strategist who specialises in Technical Analysis and Macro Economics. Leveraging core price action trading strategy with classical technical analysis to spot market movements for entries and exits, he believes that historical data plays a pertinent role in how market prices would impact future trades. Wei Ren also writes for CGSi Trendspotter, a daily market outlook report that aims to identify trading ideas in Singapore, as well as China and Hong Kong’s equity markets. A seasoned presenter, he has been hosting live webinars since the start of his career as a market strategist and has been featured on various mainstream media platforms including The Business Times ‘Chart Point’ and Capital 95.8.

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