Rakuten Trade Research Reports
Technical View - Velesto Energy Bhd (VELESTO, 5243)
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Publish date: Mon, 02 Dec 2019, 10:34 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Velesto Energy Bhd (5243)
• VELESTO ended 1.3% or 0.5 sen higher to RM0.385 last Friday.
• Share price hit a 52-week high of RM0.41 before retracing to current level. We believe the recent pull back may provide entry opportunity, potentially sending the price to higher levels.
• Resistance levels are identified at RM0.390 (R1) and RM0.410 (R2).
• Conversely, support levels can be expected at RM0.370 (S1) and RM0.355 (S2).
Source: Rakuten Research - 2 Dec 2019
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