Strength in the chart:
1. Re-accumulation with shakeout
2. Green pentagon with volume appeared :)
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Bias: Bullish. After touching high of 0.410, price retraced and seemed to found support at green MA. The 38.2% fibonacci level was briefly violated but managed to close at exactly 0.365. #pullback
Stop-loss: 0.350
// 50% price retracement.
1st target: 0.410
// Previous high as resistance.
Gentle reminder: Plan the trade and trade the plan. Trade at your own...
Strength in the chart:
1. Potential pullback
2. Mark-up in the background
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Velesto Energy Bhd. is an investment holding company, which provides drilling and oilfield services for the oil and gas industry. It operates through the following segments: Drilling Services, Oilfield Services, and Others. The Drilling Services segment offers drilling and workover rig services to the upstream oil and gas sector; owns and operates drilling rigs and hydraulic workover units; and acts as an agent for two providers of specialized equipment and service. The Oilfield Services segment provides premium oil country tubular goods threading, repair, and inspection services. The Others segment focuses on investment holding and provision of support, management, and corporate services. The company was founded in 2002 and is headquartered in Kuala Lumpur, Malaysia.
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VELESTO
