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.