Velesto, entering a strong resistance zone
Velesto, after reached my target price 0.220, now entering a strong resistance zone from RM0.225 to RM0.280.
RSI at 81.30 consider strong selling zone and certainly not a safe zone to enter new position.
For those who wish to participate in this uptrend can wait for price retrace back into RM0.180 to RM0.160 with stop loss setting at 0.140.
Disclaimer: Stock analysis by author are solely for entertainment and educational purpose. They do not represent the opinions on whether to buy, sell or hold shares of a particular stock. Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into a stock analysis or opinion.
RSI at 81.30 consider strong selling zone and certainly not a safe zone to enter new position.
For those who wish to participate in this uptrend can wait for price retrace back into RM0.180 to RM0.160 with stop loss setting at 0.140.
Disclaimer: Stock analysis by author are solely for entertainment and educational purpose. They do not represent the opinions on whether to buy, sell or hold shares of a particular stock. Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into a stock analysis or opinion.
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