Thursday, April 26, 2018

Venture - 5 Heavy Days of Selling

Venture after announcing good results yesterday still continues to sell down today with high amount of sellers. It took nearly 5-6 months to build the up trend and it only took 5 days for the selling to be so fierce and forceful. Looking at the chart, it seems as though many retailers were throwing down into weakness as the stock continue to be hit by sellers. However, looking at this action, soon, I believe there will be a technical rebound coming as in the short term wise, it may have reached a demand zone. A good timing and entry is important for long. For those interested in scalping and short term trading, watch this counter in the Top Volume.

Ronald K - Market Psychologist - A Stock Market Opportunist