Saturday, July 23, 2022

Venture Corp Ltd forms Bullish Triple Bottom

Venture Corp Ltd forms bullish "Triple Bottom" chart pattern
Jul 22, 2022

Trading Central has detected a "Triple Bottom" chart pattern formed on Venture Corp Ltd (V03:SGX-ST). 

This bullish signal indicates that the stock price may rise from the close of 17.330 to the range of 

17.600 - 17.750. The pattern formed over 26 days which is roughly the period of time in which the target

price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price may have hit a bottom and seems to be turning around to form a new uptrend

The Triple Bottom starts with prices moving downward, followed by three sharp lows, all at about the same

price level showing a test of a support level. Volume diminishes at each successive low and finally bursts 

as the price rises above the highest high--a decisive breach of that resistance level. This breakout confirms 

the pattern as a sign of BULLISH price reversal.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.


Yield at 17.33


YearYieldTotalAmountEx DatePay DateParticulars
20222.89%SGD 0.5SGD0.52022-05-092022-05-24Rate: SGD 0.5 Per Security
20214.33%SGD 0.75SGD0.252021-09-032021-09-17Rate: SGD 0.25 Per Security
SGD0.52021-05-102021-05-25Rate: SGD 0.5 Per Security
20204.33%SGD 0.75SGD0.252020-09-042020-09-18Rate: SGD 0.25 Per Security
SGD0.52020-06-082020-06-16Rate: SGD 0.5 Per Security

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