Venture

VENTURE Corp's net profit fell 7.3 per cent to S$90.8 million in the second quarter, as customers required less research and development (R&D) work compared to the same period a year ago.

Interim dividend of 20 cents was being declared.

Chart wise, looks rather bearish!

The current price of $14.76 is staying below its SMA lines which is an indication that it is rather weak and may likely continue to trend lower.

Short term wise, I think it may likely go down to retest $14.28 then $14.00 .

Breaking down of $14.00 it may likely go down to test $13.20 level.

Not a call to buy or sell.

Pls dyodd.