This is a repeated signal that was triggered on 26 Dec 2023 at the closing price of RM0.230.
The support area could be established at the equilibrium support area of RM0.215.
Suggested stop loss at RM0.205 to comply with the minimum risk of 10% based on the price.
The target price is at RM0.280 with a 1:2 risk/reward ratio, aligning with the equilibrium...
Oil and gas sector has attracted investor and many of counter in this sector is ready to break up the resistance.
Velesto is one of them who breaking up the resistance and now supported at 0.255sen.
Set your SL at RM0.220.
PM me for more stock analysis.
Velesto, after reached my target price 0.220, now entering a strong resistance zone from RM0.225 to RM0.280.
RSI at 81.30 consider strong selling zone and certainly not a safe zone to enter new position.
For those who wish to participate in this uptrend can wait for price retrace back into RM0.180 to RM0.160 with stop loss setting at 0.140.
Disclaimer: Stock...
Velesto
Buy zone
0.17
0.16
Sell
0.195
But this one good for swing trader
If you see, ada gap dekat chart velesto (belah kiri), stock akan naik sampai tutup gap tu, boleh go up to 0.25
Long swing trader target sell
- 0.25
Gann resistant
0.23
0.25
0.28
Due to published news for the RM13m deal, there is significant buying in hence the price closed the MA50 line backed by significant volume compared to the previous trade.
MACD and OBV indicators confirm the price uptrend towards the next resistance price which is the MA200 line.
Precaution for a price correction between 10% - 20% from the recent peak where it...
Fundamentally,
1. on August 25, 2021 QR was released with Net profit 207% (YoY) & 127% (QoQ)
2. Institutional purchase of shares on August 17, 2021.
3. Current crude oil trending.
Technically,
1. inside uptrend channel, wave b just completed and expected to hit wave c till 23sen.
As always, TAYOR !
regards
Abenoor
Disclaimer: No trading strategy provided...
8th June 2021 - Today MYX: VALESTO closed above EMA 100. Maintenance his good energy and breakout resistance 0.150
With green line cross above red line in EPRAF indicator, VALESTO is expected to uptrend this week.
Trade ideas for this counter.
Resistant R 0.19 will likely be broken soon.
Price finished creating a base below Resistant area where it will become the first movement of uptrend.. Min TP as per chart or possibly hold for investment - Long Term
Happy trading
Tayor
We have seen there's a strong buying momentum as the price already break previous high. Buyers in control and some of them taking profit from their position.The best entry to join the buyers when the price retrace back to the breakout and support area. Let's see....
Velesto is in the cusp of breaking Resistance level R1 at 0.19, however there are many evidence that Bullish momentum is strong as seen on DMI preceded by earlier Exhaustion Gap, V-bottom and violation of a valid DTL. The price subsequently moving above the Resistance turns support level, followed by another Bullish Flag formation as another continuation Bullish...
