Hey 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...
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.
Long Venture
Entry: 15.50
TP: 17.40
SL: 15.25
Price reacting above ascending trendline support.
Price also holding above both short and long term EMA
MACD also entered bullish territory.
Price needs to surpass 16.10 in order to validate a clear bullish rise.
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**
I am taking the long Venture trade because I see that the stock had been heavily discounted from $18 to $15 (16%) due to the trade war winds. The chart shows a possible booth forming at $15.
![V03: Venture (V03) [1-3 weeks view]](https://s3.tradingview.com/v/vU93573I_mid.png "Venture (V03) [1-3 weeks view]")
![V03: Venture Corp [1-3 weeks view]](https://s3.tradingview.com/q/qcBWzQnk_mid.png "Venture Corp [1-3 weeks view]")
