Friday, October 18, 2019

Venture - 4% BreakDown



4% breakdown in Venture Corp as the stock suddenly suffered a free fall. To be honest, I would not short this counter because most of the tech stocks were pretty strong but then again, it just happen to suffer some profit taking, distribution and 3/4 in the 5 minute chart. The chart setup today was beautiful with a gap up at supply zone before the sell down happened. It's a scary drop as it's like a knife dropping without a floor yet. I believe it's touching a temporary bottom soon. Soon to cover shorts if any shorted.

Ronald K - Market Psychologist - A Stock Market Opportunist