Venture Corp: Watch this $7.00 Support!

Venture Corp is currently just sitting on the $7.00 which is the 61.8% Fibonacci Support. Immediate resistance is $7.37 which is the support turned resistance level. Venture is on down trend and 20D, 50D and 200D are trending down. Breaking this $7.00  will send Venture to $6.245 (the 50% FR or Gann level). Also take note that there is no immediate support in between these two levels. —- A coming Possible FREE FALL?

This Post Has 2 Comments

  1. Andy

    Looks like a real possibility. Good for shorting? Would you be able to advise how to short this stock? Using CFD?

  2. Marubozu

    Manufacturing sector is very weak at the moment. PMI & Production Index are showing the slowing down. Venture Corp as an EMS company will definitely be affected.

    I am planning to short this stock. Need to watch for how the stock price movement next week.

    You can use CFD to short.


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