Dear all,
Venture has entered into bear territory after dropping 21% from an intraday high of $29.65 on 13 Apr 2018 to close $23.40 on 24 Apr 2018. What should we do?
Let’s examine the chart and some noteworthy points on Venture.
Chart analysis
Based on Chart 1 below, Venture’s chart seems to resemble a bearish double top formation. The break below its neckline $26.95 points to an eventual technical measured target $24.60 which is already attained today. 20D, 50D and 100D exponential moving averages (“EMA”) have started to turn lower amid the sharp drop. Venture closed below its 100D EMA, its first since 1 July 2016. ADX closed at 22.1, indicative of a mild trend. Indicators such as MACD and RSI are oversold with RSI closing at 28.3. Since 8 May 2015, there has been only one occasion where the RSI is lower than now. In other words, on a relative basis, Venture is pretty oversold. It is noteworthy that despite the plunge, 20D EMA has not formed a death cross with 50D EMA.
As oversold pressures escalate, it is likely that Venture may not drop too drastically in the near term (Caveat: do note some of the noteworthy points below which may adversely affect Venture). A sustained break below 200D EMA (currently around $21.55) is very bearish. A sustained break above $28.60 alleviates the bearish feel of the chart to some extent.
Near term supports: $23.08 – 23.18 / 22.25 / 21.55 / 21.43
Near term resistances: $23.88 / 24.56 / 24.77 / 25.33
Chart 1: Venture’s 21% plunge, mainly in the past three trading days
Source: InvestingNote 24 Apr 2018
Noteworthy points
1. Ex-div $0.60 / share on 17 May 2018
Venture is going to go ex-dividend on 17 May 2018 with a dividend per share of $0.60. At the closing price of $23.40 today, this represents a dividend yield of 2.6%. Most analysts believe that Venture is able to maintain such dividends in the foreseeable future.
2. Analysts are still bullish on Venture
Based on Figure 1 below, analysts are positive on Venture with a minimum target price of $30.50. Average analyst target price stands at $31.81. However, I wish to caveat that
a) There are only two rated reports post Philip Morris IQOS and Oclaro/ZTE impact. CIMB estimates that Philip Morris IQOS and Oclaro/ZTE may contribute between 7-10% of Venture’s revenue. However, there is insufficient information for them to reduce their target price now (Readers can click the link HERE for Venture’s analyst reports);
b) Venture reports results tomorrow. Analysts may tweak their target prices post the results.
Figure 1: Average analyst target stands at $31.81
Source: Bloomberg 24 Apr 2018
3. An event risk à Results on 25 Apr 2018
Venture reports results tomorrow. This is a significant event as it is highly likely to have an impact on the share price. A better than expected set of results and outlook is likely to have a positive impact on the share price and vice versa.
4. Trade tensions between U.S. and China escalate
If the trade tensions between U.S. and China escalate, this may have an adverse impact on Venture’s customers which will subsequently impact its results.
Conclusion
This write-up summarises Venture’s chart outlook and some of the noteworthy points which readers should be aware. However, to be very clear, the above list of noteworthy points is not exhaustive. Furthermore, I am not extremely familiar with Venture’s fundamentals. Thus, readers who are keen to know more about Venture can take a look at this website (click HERE) for the analyst reports and do their own due diligence.
In a nutshell, Venture’s chart looks interesting as oversold pressures escalate and the recent share price plunge seems excessive as highlighted by the analyst reports.
Readers who wish to be notified of my write-ups and / or informative emails, can consider signing up at http://ernest15percent.com. However, this reader’s mailing list has a one or two-day lag time as I will (naturally) send information (more information, more emails with more details) to my clients first. For readers who wish to enquire on being my client, they can consider leaving their contacts here http://ernest15percent.com/index.php/about-me/
P.S: I am vested (long position). Do note that as I am a full time remisier, I can change my trading plan fast to capitalize on the markets’ movements.
Disclaimer
Please refer to the disclaimer HERE
Hi, i feel that i noticed you visited my web site so i came to return the want?.I am trying to find
issues to enhance my site!I suppose its good enough to use some
of your ideas!!
Very good post! We are linking to this great content on our site.
Keep up the good writing.
hey there and thank you for your information – I’ve certainly picked
up something new from right here. I did however expertise
a few technical issues using this site, since I experienced
to reload the web site many times previous
to I could get it to load properly. I had been wondering if your
web host is OK? Not that I’m complaining, but slow loading
instances times will sometimes affect your placement in google and can damage your high-quality score
if advertising and marketing with Adwords. Well I’m adding this RSS to my email
and can look out for a lot more of your respective intriguing content.
Make sure you update this again soon.. Escape room lista
I like this web site very much, Its a really nice office to read
and find information.?
After I originally commented I appear to have clicked the -Notify me when new comments are added- checkbox and now whenever a comment is added I recieve 4 emails with the same comment. Is there a means you are able to remove me from that service? Thanks a lot.
Excellent blog post. I absolutely love this website. Keep writing!
Great information. Lucky me I discovered your website by accident (stumbleupon). I have bookmarked it for later.
Way cool! Some very valid points! I appreciate you writing this article and the rest of the site is also very good.
An interesting discussion is definitely worth comment. There’s no doubt that that you need to publish more about this subject, it might not be a taboo matter but generally folks don’t speak about such topics. To the next! Cheers!
I really like it when folks come together and share ideas. Great website, continue the good work.
After I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and now each time a comment is added I receive 4 emails with the same comment. Perhaps there is a way you are able to remove me from that service? Kudos.
Having read this I believed it was very informative. I appreciate you spending some time and effort to put this content together. I once again find myself spending a significant amount of time both reading and leaving comments. But so what, it was still worth it!
Can I simply say what a relief to find somebody that really understands what they are talking about on the web. You definitely know how to bring an issue to light and make it important. More and more people have to read this and understand this side of the story. I was surprised that you aren’t more popular because you surely possess the gift.
Good post. I learn something new and challenging on websites I stumbleupon everyday. It’s always exciting to read through articles from other authors and use something from their sites.
Way cool! Some extremely valid points! I appreciate you penning this write-up and the rest of the site is very good.
Right here is the right site for everyone who wants to find out about this topic. You realize a whole lot its almost tough to argue with you (not that I personally would want to…HaHa). You definitely put a brand new spin on a topic that has been written about for decades. Excellent stuff, just excellent.
The next time I read a blog, Hopefully it doesn’t disappoint me as much as this particular one. I mean, I know it was my choice to read through, but I actually thought you would probably have something interesting to say. All I hear is a bunch of whining about something you could possibly fix if you were not too busy searching for attention.
Howdy! I could have sworn I’ve visited this site before but after looking at many of the posts I realized it’s new to me. Anyhow, I’m definitely delighted I stumbled upon it and I’ll be book-marking it and checking back regularly!
This is the right web site for anyone who really wants to find out about this topic. You understand so much its almost tough to argue with you (not that I really would want to…HaHa). You definitely put a fresh spin on a subject which has been written about for many years. Wonderful stuff, just excellent.
Howdy! I simply would like to give you a big thumbs up for the excellent info you’ve got here on this post. I’ll be coming back to your website for more soon.
Hi! I could have sworn I’ve visited this web site before but after going through a few of the posts I realized it’s new to me. Nonetheless, I’m certainly delighted I discovered it and I’ll be book-marking it and checking back often!
I love reading a post that will make men and women think. Also, many thanks for allowing me to comment.
This blog was… how do I say it? Relevant!! Finally I have found something that helped me. Thanks a lot.
Excellent article. I definitely appreciate this website. Thanks!
Wonderful article! We will be linking to this particularly great article on our site. Keep up the great writing.
There’s certainly a lot to learn about this subject. I like all of the points you made.
bookmarked!!, I love your site.
This is a topic that’s near to my heart… Cheers! Exactly where can I find the contact details for questions?
I really love your website.. Pleasant colors & theme. Did you develop this amazing site yourself? Please reply back as I’m looking to create my own blog and would love to know where you got this from or just what the theme is called. Cheers!
prix bon marché sur les médicaments Ebewe Opera acquista farmaci online
a Catania senza bisogno di consulto medico
Excellent post. I will be experiencing many of these issues as well..
Verschreibungspflichtige Medikamente CristerS Asten médicaments disponible Maroc
Comment obtenir médicaments en ligne rapidement Liomont Leidschendam Preis von Medikamente ohne Rezept in Deutschland
I really love your website.. Very nice colors & theme. Did you develop this website yourself? Please reply back as I’m hoping to create my own site and would like to know where you got this from or just what the theme is called. Thank you.
I’m impressed, I must say. Seldom do I encounter a blog that’s equally educative and entertaining, and without a doubt, you’ve hit the nail on the head. The issue is something that not enough men and women are speaking intelligently about. I am very happy I came across this during my hunt for something concerning this.
I need to to thank you for this great read!! I definitely loved every bit of it. I’ve got you bookmarked to look at new things you post…
An interesting discussion is definitely worth comment. I believe that you need to write more on this subject, it might not be a taboo subject but generally people do not discuss these issues. To the next! All the best.
The next time I read a blog, Hopefully it doesn’t disappoint me as much as this one. I mean, Yes, it was my choice to read through, but I truly believed you’d have something interesting to say. All I hear is a bunch of moaning about something you could possibly fix if you were not too busy searching for attention.
Aw, this was an incredibly good post. Spending some time and actual effort to produce a good article… but what can I say… I put things off a whole lot and never manage to get nearly anything done.
May I simply say what a comfort to find somebody who truly knows what they’re talking about on the net. You definitely know how to bring an issue to light and make it important. A lot more people have to read this and understand this side of the story. It’s surprising you aren’t more popular because you certainly possess the gift.
This is a good tip especially to those fresh to the blogosphere. Brief but very accurate info… Appreciate your sharing this one. A must read article!
An interesting discussion is worth comment. I do believe that you should publish more on this issue, it may not be a taboo subject but usually folks don’t speak about these topics. To the next! Many thanks.
medicijnen online kopen: de beste manier om snel verlichting
te krijgen Viofar Julianadorp medicijnen: Dosering en gebruiksinstructies
Hello there! This article could not be written any better! Looking through this article reminds me of my previous roommate! He constantly kept talking about this. I most certainly will send this article to him. Fairly certain he will have a good read. Thank you for sharing!
online verkoop van medicijnen in Frankrijk MSD Grenchen Günstige Quellen für Medikamente in München ohne Rezept
A fascinating discussion is definitely worth comment. I do believe that you need to write more about this subject matter, it may not be a taboo matter but typically people do not discuss such issues. To the next! All the best!
There’s definately a great deal to learn about this topic. I love all the points you’ve made.
May I simply just say what a comfort to find somebody who truly understands what they’re discussing on the internet. You actually understand how to bring an issue to light and make it important. More people must read this and understand this side of your story. I can’t believe you’re not more popular because you certainly possess the gift.
Great article! We will be linking to this great article on our site. Keep up the great writing.
Excellent site you’ve got here.. It’s difficult to find high quality writing like yours nowadays. I really appreciate people like you! Take care!!
Very good article. I will be dealing with many of these issues as well..
The next time I read a blog, Hopefully it won’t disappoint me as much as this particular one. After all, Yes, it was my choice to read through, but I actually thought you’d have something useful to talk about. All I hear is a bunch of moaning about something you could possibly fix if you weren’t too busy looking for attention.
Can I simply just say what a comfort to find an individual who really knows what they are discussing on the internet. You definitely realize how to bring an issue to light and make it important. A lot more people should read this and understand this side of your story. I was surprised that you’re not more popular since you most certainly possess the gift.
It’s nearly impossible to find knowledgeable people on this topic, however, you seem like you know what you’re talking about! Thanks
An outstanding share! I’ve just forwarded this onto a friend who has been conducting a little research on this. And he in fact bought me breakfast due to the fact that I found it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending time to discuss this issue here on your web site.
I used to be able to find good advice from your content.
I like reading an article that can make people think. Also, thanks for permitting me to comment.
I’m amazed, I must say. Seldom do I come across a blog that’s both educative and entertaining, and let me tell you, you’ve hit the nail on the head. The problem is an issue that not enough people are speaking intelligently about. I’m very happy I stumbled across this in my search for something concerning this.
An intriguing discussion is worth comment. I think that you should write more on this issue, it may not be a taboo matter but usually folks don’t discuss these subjects. To the next! Cheers.
You’ve made some decent points there. I looked on the internet to learn more about the issue and found most people will go along with your views on this website.
The very next time I read a blog, I hope that it does not disappoint me just as much as this particular one. After all, I know it was my choice to read, but I genuinely believed you would probably have something useful to talk about. All I hear is a bunch of moaning about something you can fix if you weren’t too busy searching for attention.
I really like it whenever people come together and share views. Great blog, continue the good work.
Can I simply just say what a comfort to discover someone that actually knows what they’re discussing over the internet. You certainly understand how to bring a problem to light and make it important. More people have to look at this and understand this side of your story. I was surprised that you aren’t more popular given that you most certainly possess the gift.
It’s hard to come by well-informed people for this topic, but you sound like you know what you’re talking about! Thanks
I blog often and I really thank you for your information. This article has really peaked my interest. I am going to take a note of your blog and keep checking for new details about once a week. I opted in for your RSS feed too.
Spot on with this write-up, I truly believe this site needs a great deal more attention. I’ll probably be returning to read more, thanks for the advice!
Nice post. I learn something new and challenging on websites I stumbleupon every day. It’s always exciting to read through content from other writers and use a little something from their web sites.
Your style is so unique in comparison to other people I have read stuff from. Many thanks for posting when you’ve got the opportunity, Guess I’ll just book mark this site.
This is a really good tip especially to those fresh to the blogosphere. Brief but very precise info… Many thanks for sharing this one. A must read article!
қазақ мұнайы, қазақстандағы ең алғашқы мұнай кен
орны тілдің маңызы мақала, тілдің адам өміріндегі
маңызы қандай қайым айтыс текст, қайым айтыс квн 60
минут сегодня 18 40, тойота финанс контакты
қаныққан бу қысымы неге тәуелді, қаныққан бу дегеніміз не резус
фактор теріс болса, қан топтары резус фактор реферат даулет & гульхан, максат базарбаев козиннин молдири ай сардар
болған мұхаммад текст, яссауи тобы әндері
I like it whenever people come together and share views. Great website, continue the good work!
Hello there! This article could not be written any better! Looking at this article reminds me of my previous roommate! He always kept talking about this. I will forward this post to him. Pretty sure he will have a good read. Thank you for sharing!
I really like looking through an article that can make men and women think. Also, thank you for permitting me to comment.
I really like it when people get together and share views. Great blog, keep it up!