SPC and Venture - buy on pull back

SPC has been running up in a strong uptrend. 30 and 50 moving averages have spread out nicely. There is resistance overhead at S$2.85 to S$2.86.

We anticipate price to test S$2.85 and sell off slightly. A subsequent rally from the sell off would be a good place to enter.

We recommend waiting for the next dip in the stochastics and cross over (red line to cross over blue) for entry. SPC has almost no resistance overhead until S$3.10. We highly recommend shifting stops to breakeven after some profit has been made.


Venture is in a similar situation to SPC. It is in an uptrend, and going to encounter overhead resistance in the S$5.02 to S$5.05 region.

The main plus point here is that the next resistance levels are reasonably far away. S$5.30 and S$5.80.

We recommend buying on the next dip/pull back using a stochastic cross over (same as SPC).

We highly recommend shifting stops to breakeven after some profit has been made.

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