Singapore's Venture Corp hits near 15-month low; chart suggests more downside

Venture

30/10/2018 05:11

** Shares of technology solutions provider Venture
Corporation Ltd  VENM.SI  fall as much as 4.57 pct to S$14.63,
lowest since Aug. 7, 2017
    ** Stock breaks below a support at S$15.474, the 23.6 pct
Fibonacci projection level of the downtrend from April 16 high
to July 16 low (wave W)
    ** This suggests, stock may fall up to the next support at
S$13.492 in the near-term, the 38.2 pct projection level
    ** Trend intensity (TI) indicator rises two points to 23,
suggesting prices are trending downwards, MACD is also negative
and below its signal line
    ** Stock down 25.1 pct this year as of last close, compared
with the broader index's  .STI  12.38 pct fall in the same
period
    
    

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Venture Corp Technical Chart    https://tmsnrt.rs/2P2wUTe
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 (Reporting by Gaurav Dogra)
 ((gaurav.dogra@thomsonreuters.com;))