Velesto Energy was testing the MYR0.225 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.245, followed by MYR0.27. The stock may consolidate further if it cannot breach above the MYR0.225 threshold decisively in the near term. Support may be found at MYR0.20, where traders can exit upon a breach to limit the downside risk.

Source: RHB Securities Research - 22 Jan 2019