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Saturday, August 10, 2019

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.


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