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Velesto

VELESTO buy signal based on MRV1 setup on 4 Jan 24 at RM0.240 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 resistance price area or RM0.285. Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference. The expected holding period is 2-3 months as the signal is derived from the daily chart. This information is for discussion purposes only and is not a buy/sell call.
MYX:VELESTOLong
by syafizi
MYX: VELESTO. Time to upclimbing?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 here. Our content is intended to be used and must be used for technical analysis & education purposes only.
MYX:VELESTOLong
by MohdNoor
Bursa VELESTO Energy Berhad - LongtermI personally take this for long-term into the portfolio, but if for short-term then they are few prices / zone we could look for pitstop to TP. Look for re-entry according to the pullback or retracement price. Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
MYX:VELESTO
by AkuPaPoRex