Venture reported FY18 earnings where there was a 0.7% drop in the earnings but hey, the stock jerk up 6.5% as of now where the bad results doesn't affect the stock price. I studied the chart and looked back, it was beautiful setup where there was a ws in the supply zone and the sellers weren't strong so I believe that' the reason why the stock sprung back up even though the results were not great. In the 5 minute chart, the stock shot up like mad and in the Top Volume where Venture seldom appeared, it's there today with so much buyers just taking up and snapping up the shares with great speed. This counter is a blue chip for the tech sector and since it moved up so much, does Hi-P and AEM going to move further? We shall see.
https://www.theedgesingapore.com/venture-corp-reports-07-dip-fy18-370-mil-absence-one-gain
Ronald K -
Market Psychologist -
A Stock Market Opportunist
