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So far volume cannot confirm contiunation of downtrend. 61.8% is a typical reversal fib level. if close near or higher than opening price, then that' s a hammer which is a signal for potential reversal.
Is venture at that junction now or just another BB trick to further unload?
sheerluck ( Date: 03-May-2018 09:22) Posted:
Ok @61.8% fib level liao. But still in the " lower highs and lower lows" pattern. No sign of reversal yet. Need volume by end of day to confirm contiunation of downtrend.
sheerluck ( Date: 02-May-2018 10:34) Posted:
Ok....breaks the previous low of $19.84. Not a good sign. Also it is exhibiting the " lower high lower low" pattern on a daily chart which is still a bearish trend. Looks like the reversal sign is slowing turning into the contiunation trend.
Next fin level 61.8% @ $18.82. Will touch?
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Are all bad news out already? So far we know court already ruled lawsuit in plantiff' s favour. But is the market thinking their comign results will be a disaster? Maybe cashflow dwindling to near zero and company engage GEM to raise cash. If you really see GEM being engagaed to raise fund, then price can go below 1cts.
Volmax ( Date: 02-May-2018 20:53) Posted:
BB removed their buy queue and placed a road block at 3c.
Looks like they are calculating their fire power and looking for an opportunity for short squeeze.
Look out for short signal.
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Ok...In the very uncomfortable 9.3-9.8cts zone liao. Oil still at US74 but KRIS going south...Ok ,next three levels to watch, 9.3cts, 8.8cts and then the all time low of 8.1cts
sheerluck ( Date: 02-May-2018 10:38) Posted:
| 9.8cts critical level. Once entered comfortably, it might stay in the 9.3cts to 9.8cts range for a while until oil price explode or it itself explode. |
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$16 is near the next fib level. But if it doe go there, I think all confidence in Venture gone liao. Last level will then be $12.31. I will surprise if it does ended up at $12.31. For $16, will see things unfolds.
It took 6 month to go from $18.7 to $30 and just 9 days to come back.
Also that is about $11 drop, $11k per lot, or $110k per 10 lots. Wow. How many 60cts must you receive to go back to your best profit level? About 20 years.
sbscap ( Date: 03-May-2018 09:37) Posted:
| I think 16 is a good level to buy. Just like the number. Also, the PBR would be below 2. |
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Ok @61.8% fib level liao. But still in the " lower highs and lower lows" pattern. No sign of reversal yet. Need volume by end of day to confirm contiunation of downtrend.
sheerluck ( Date: 02-May-2018 10:34) Posted:
Ok....breaks the previous low of $19.84. Not a good sign. Also it is exhibiting the " lower high lower low" pattern on a daily chart which is still a bearish trend. Looks like the reversal sign is slowing turning into the contiunation trend.
Next fin level 61.8% @ $18.82. Will touch?
sheerluck ( Date: 30-Apr-2018 17:10) Posted:
| Closing near to the 50% fib level of $20.89. Let see if it will break below again and test its recent low of $19.84 and then the $18.82 level |
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Apple reported good results. Venture can borrow some good sentimental?
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it is a healthy correction.
lifeisgood ( Date: 02-May-2018 10:52) Posted:
| Something seriously wrong with Venture? It is not a correction, it is a total meltdown ! |
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9.8cts critical level. Once entered comfortably, it might stay in the 9.3cts to 9.8cts range for a while until oil price explode or it itself explode.
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Ok....breaks the previous low of $19.84. Not a good sign. Also it is exhibiting the " lower high lower low" pattern on a daily chart which is still a bearish trend. Looks like the reversal sign is slowing turning into the contiunation trend.
Next fin level 61.8% @ $18.82. Will touch?
sheerluck ( Date: 30-Apr-2018 17:10) Posted:
Closing near to the 50% fib level of $20.89. Let see if it will break below again and test its recent low of $19.84 and then the $18.82 level.
sheerluck ( Date: 27-Apr-2018 17:27) Posted:
BB might keep Venture within the 50% 61.8% fib level ie between $20.89 and $22.96. Going beyond invites too many profit taker and loss cutters. Going below invites too many yield and growth hungry investors. Keeping it within makes all lanlan. They will not give the cautious ones enough MOS to enter and will not give daylight to those who bought a couple of dollar above $22.96.
Yet within this range, they can still mov eprice ocmfortably to kill day, swing, 4-hr, 1-hr, 5-min, 1-min traders especially those on margin and contra.
The Company should consider these actions:
- increase dividend payout. best to be a % of earning. If company no comfortable with % of earning at least on bumperyear a decent spec div to tell market they meant businesses.
- quarterly dividend instead of annualy. can help to support price.
- bonus issue. good time to do so?
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Volume has been decreasing with the price decrease. A reversal might be in sight but wait........will it go further down before it is really to reverse since a few day ago, there was a hammer but it didnt reverse.
Now flirting ard 50% fib level of $20.89.
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Resoluation passed so means confirm delisting?
rabbitfoot ( Date: 01-May-2018 08:38) Posted:
| Attended EGM Ytd, one lady J in particular impressed much, her knowledge is Power |
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Closing near to the 50% fib level of $20.89. Let see if it will break below again and test its recent low of $19.84 and then the $18.82 level.
sheerluck ( Date: 27-Apr-2018 17:27) Posted:
BB might keep Venture within the 50% 61.8% fib level ie between $20.89 and $22.96. Going beyond invites too many profit taker and loss cutters. Going below invites too many yield and growth hungry investors. Keeping it within makes all lanlan. They will not give the cautious ones enough MOS to enter and will not give daylight to those who bought a couple of dollar above $22.96.
Yet within this range, they can still mov eprice ocmfortably to kill day, swing, 4-hr, 1-hr, 5-min, 1-min traders especially those on margin and contra.
The Company should consider these actions:
- increase dividend payout. best to be a % of earning. If company no comfortable with % of earning at least on bumperyear a decent spec div to tell market they meant businesses.
- quarterly dividend instead of annualy. can help to support price.
- bonus issue. good time to do so?
sheerluck ( Date: 24-Apr-2018 09:18) Posted:
Will Fib work here? From low of $12.31 to high of $29.65.
Important Fib level:
38.2% - $22.96
50% - $20.89
61.8% - $18.82
These are the three more common levels. All above still $8 just 1-2 years ago. Those who bought $8 can still sit back and relax. Those who bought $27 and above how?
Venture is just too volatile now. How many $3-$4 movement can you handle? |
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US rig count up. if not for possible US Iran issue, will drop more. If Ducky wants to help US shale, he will need to hantam Iran but doing this means drifting away from EU. How will he balance?
wunderland ( Date: 30-Apr-2018 17:00) Posted:
| Anyone can advise why oil prices has persisted to drop these couple of days? Will there be hope that it goes up soon? US going to place sanction on Iran, this means that supply of oil will be reduced, and price of oil might go up? |
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You know in coy well. Actually quite disappointed with Wassana.
alexmay34 ( Date: 27-Apr-2018 11:25) Posted:
Kris reference benchmark is reference to Dubai crude, usually about usd3 lower to Brent
jlim777 ( Date: 27-Apr-2018 09:40) Posted:
Last Tuesday and Wednesday, API and EIA reported surprise build, but yet WTI oil price didn' t go lower than 67. Iran conflict seems cancelled after Macron visited Trump, but yet WTI oil price still above 67. USD going up, but yet not much influence to WTI oil price, it is still stood above 67. Trump said oil price too high, but yet WTI oil price still cannot be pulled lower than 67.
Will you believe me, if I say WTI crude oil bottom now is 67 and the reciprocal Brent bottom now is 73. And KrisEnergy reference is Brent |
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I mean you are looking at daily, 1-hr or 5min chart, etcs?
SgYuan ( Date: 30-Apr-2018 13:00) Posted:
Basic guide of time frame
w2 time frame
> 50% W.1 minimum
> 62% < 162% of W.1 most likely
w3 time frame
W.3 almost always longer in time than W.1
W.3 often equal in time to complete W.0 through W.2 sequence.
sheerluck ( Date: 30-Apr-2018 12:53) Posted:
| What is the time frame for this? |
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What is the time frame for this?
SgYuan ( Date: 30-Apr-2018 12:37) Posted:
Main EW
- w2 hit 74.5%, once supported start w3
- it corrected deeper then i taught
- w3 delta 500, change to EW3 : ext EW see projection
| EW |
1984 |
EW1 |
2293 |
w2? |
2063 |
w3? |
2563 |
w4? |
2372 |
w5? |
2681 |
| Delta |
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309 |
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230 |
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500 |
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191 |
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309 |
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74.5 |
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161.8 |
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38.2 |
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100 |
EW3 projection
- this is a projection, when px start to move it will varies.
| EW3 |
2063 |
w1? |
2273 |
w2? |
2143 |
w3? |
2483 |
w4? |
2353 |
w5? |
2563 |
| Delta |
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210 |
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130 |
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340 |
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130 |
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210 |
| % |
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61.8 |
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161.8 |
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38.2 |
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100 |
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From a high of $30 to $20, some can considered this counter oversold. But if one sees it as trimming off " fat" , then it isn' t.
RSI indicates oversold but reversal signal no in sight yet.
BB playing a tight range to disadvantage traders.
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Then that's dangerous. Even asking for advice, you also need to have some knowledge of the business, financial accounting and valuation methodologies. if not you will be lead around by the overconfidence, irresponsible, and worse indispeciables.
valenrina ( Date: 29-Apr-2018 18:03) Posted:
Partly because I&rsquo m inexperienced ...
sheerluck ( Date: 29-Apr-2018 17:43) Posted:
| You are going to get two answer in opposite direction. Your reasons for going in at 25-26 are |
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You are going to get two answer in opposite direction. Your reasons for going in at 25-26 are?
valenrina ( Date: 29-Apr-2018 17:36) Posted:
Jeep at quite a high will need 25 to close gap or 26 to even breakeven
cant decide to cut loss or sell... any advice from the veterans? |
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ya la......SGX suspend liao. How to issue shares to GEM to cash out on market to pay their fat salary? No pay ofc all resign lah...GEM also dont want to do business with them since cannot rip off poor shareholders.
guards80 ( Date: 27-Apr-2018 22:46) Posted:
| Yuuzoo: General Announcement :: ANNOUNCEMENT IN RELATION TO THE RESIGNATION OF THE CHAIRMAN OF THE BOARD |
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