Wednesday, February 17, 2021

Technical Analysis Feb 2021: VELESTO (BURSA: 5243)



VELESTO ENERGY BERHAD 

Observation from chart: 

VELESTO (BURSA: 5243) forming ascending triangle pattern. 

Will it breakout RM0.18 resistance level? 

Other indicator:- 
MACD moving toward positive region, uptrend sign. 
Stochastic %K on BUY call itinerary. 

Immediate support @ MA20 level. 
Subsequent support @ triangle line level. 

Immediate resistance @ RM0.18 level. 
Subsequent resistance @ RM0.22 level. 

Let's watch closely Disclaimer

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