Rakuten Trade Research Reports
Technical View - Velesto Energy Bhd
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Publish date: Wed, 26 Apr 2023, 09:35 AM
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Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Velesto Energy Bhd
- Share price closed 6.98% higher at RM0.23 yesterday.
- VELESTO has been hovering within the RM0.185 to RM0.24 range over the past one month. Bullish MACD crossover has formed despite trading volume is on a declining trend. Coupled with indicators showing uptick momentum, share price is expected to propel higher.
- Resistance levels are identified at RM0.24 (R1) and RM0.25 (R2).
- On the flipside, support levels are pegged at RM0.215 (S1) and RM0.19 (S2).
Source: Rakuten Research - 26 Apr 2023
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