VENKYS - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: WEAK
The stock could be headed to 700. It has lost its short term momentum and volumes are down to a trickle. With no interest in the stock, its drift down is very likely. The long term trend looks fine. What one has to watch in the stock is a volume increase of 20-30 times its 3 month average volumes. If that happens and the stock moves to 950-970 on high volumes it may have its short term trend back
As of now Avoid. If you have it, let it go. A downtrend is likely
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