Wednesday, 4 April 2012

Venture - requested by UTA

Venture
Venture has been consolidating above the Fibo 61.8 level.
Yesterday a small shooting star candle is formed with slightly higher volume.
On top of that, Venture has moved below the 20MA after many months.
If Venture were to break the 8.48 level convincingly, its likely it will come down to around 8 level.
If Venture is able to find support at 8.48 and move higher, it might go towards 9.19 level where we will have a big falling window resistance as well as the Fibo 71.8 level.

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