Venture Ltd – Daily timeframe (Update from 07 July 2016)
Current Sentiment: Bullish
Support 1: 8.95 Resistance 1: 9.40
Support 2: 8.83 Resistance 2: 9.54
Price turned back into the uptrend accordingly after the last update and succeeded in breaking above the 8.67 key resistance substantially, hitting a high at 9.54. Since then, it entered in to a slight correction where it was aggressively rejected by the confluence of 8.95 resistance turned support area and 60 day moving average.
Moreover, the bullish rejection on 03/10/16 managed to break price above the immediate pullback line suggests the resumption of the uptrend next.
Expect price to head higher next to test the 9.40 resistance area followed 9.54.
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