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 may be primed for a trend reversal or corrective price pullback.
Let's save VELESTO in WL and watch out for a price uptrend towards the next resistance price which is the MA200 line.
R 0.115
S 0.085
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 may be primed for a trend reversal or corrective price pullback.
Let's save VELESTO in WL and watch out for a price uptrend towards the next resistance price which is the MA200 line.
R 0.115
S 0.085