RHB Retail Research
Trading Stocks - Velesto Energy
Velesto Energy was testing the MYR0.28 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.295, followed by MYR0.32. The stock may take a breather if it cannot breach above the MYR0.28 threshold in the coming sessions. Support may be found at MYR0.24, where traders can exit upon a breach to minimise downside risk.
Source: RHB Securities Research - 12 Mar 2019
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