trying to figure out the science and art of trading and investing

an exchange of trading and investing knowledge. the various postings in this blog are based on my personal opinion only and do not constitute as investment advice. The blog owner shall not be liable for any losses incurred by visitors who take investment action based on the postings.

Wednesday, February 22, 2006

Venture - Daily

Good set of results. However, the anal-list have 2 camps now. Some shouting buy (cos they have and want to sell) some shouting sell (cos they dun have and want to buy) We got a famous local one which is shouting "SELL"

Anyway, back to the charts. It is a good close ( closed 10 cents higher at $13.40) Point to note is volume was half of yesterday, there are a little more buyers than sellers today which point to more possible upside if we look at the daily charts. It is now sitting between the 50% and 61.8% retracement. MACD, STO and RSI all look healthy and we could see Venture testing $13.50 tomorrow (61.8% retracement from $14.50 and yesterday's resistance)

Good luck to those vested. VENTURE CHEONG AH!!!

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