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syafizi

VELESTO buy signal based on MRV1 setup on 4 Jan 24 at RM0.240

Long
VELESTO ENERGY BERHAD (MYX_DLY:VELESTO)  
syafizi  
MYX_DLY:VELESTO   VELESTO ENERGY BERHAD
Technical Indicators velesto bursamalaysia syariah
3
0
indicator velesto bursamalaysia syariah
  • 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.
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