A long signal on the daily charts was established on150321 at $19.90 to resume a test of its monthly supertrend resistance of 21.50
VENTURE hit an all time high of $29.65 on 020418 and broke its uptrend 2 months later at $18.57 forming a pandemic low at $12.50 on 020320. It has managed to resume price action above the SSSA line cloud on the monthly charts and appears to be building a base to test the overhead supertrend pivot of $21.50.
PIVOT 19.32
Long positions above 19.32 to test 21.50 and 29.65
Short positions below 19.32 to test 18.25 and 16.90
Comments