VELESTO buy signal based on MRV1 setup on 4 Jan 24 at RM0.240
- This is a repeated signal that was triggered on 26 Dec 2023 at the closing price of RM0.230.
- The support area could be established at the equilibrium support area of RM0.215.
- Suggested stop loss at RM0.205 to comply with the minimum risk of 10% based on the price.
- The target price is at RM0.280 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area or RM0.285.
- Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference.
- The expected holding period is 2-3 months as the signal is derived from the daily chart.
This information is for discussion purposes only and is not a buy/sell call.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.