Technical Highlights A 1-months-long flag break-out is seen, accompanied by a spike in volume (6.6x higher than the 90-day average volume), suggesting strong buying interest continues. The stock is currently trading at RM0.215 (52-weeks high) which is close to breaking the crucial RM0.225 resistance level. We think breakout is underway, especially with the growing momentum (RSI>70).
The short-term bullishness is affirmative with the stock’s EMA 20 pointing upward and its MACD line has been hovering above signal line for a while.
If the share price break through the RM0.225 resistance, we think it is likely to test the next resistance level at RM0.295 (all-time high). Conversely, consolidation happens if the share price falls below the RM0.20 support.
I hv to disposed DFX and switch over to velesto. Velesto dropped a lot need to leverage out my price over there as my most majority fund over there. Will joined back later..hopefully can I can get the same price later.
Layman: "Stop Loss – RM0.195 Source: Mercury Securities Research "
that one is for general guide only la, kawan
if every day you buy 20 becos you think going up, then you sell 19.5 stop loss just becos mercury tells you so, then habis lor, every day you lose 0.5 sen (2.5%) lor
then if you do that 4 times, you lose 2 sen (10%) already lor
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Buying investment shares is truly funny, when you feel losing patience and confidence and sold off, then the shares you sold blooming and non stop going up... huhuhuhu
Macgyver111: "I see Minher not in here anymore, didn't see any posting also...sdh jual dan lari ke?"
oh come on la, bro, not very cool la for you to be flippantly throwing around blatant adverse accusations like that, I reckon
our good friend Sifu Minher is low profile guy, he not the type to even take any credit for the very relevant very useful info that he has given us for completely free
so pls don't be casting any wild baseless negative aspersions on him la, friend
more like, it is you who has lost faith in dfx and abandoned dfx to run to velesto, so you stay with your velesto defend your velesto only lor ha ha ha
The issued shares of Velesto is very very huge, 8.21b shares issued,much more than most of the blue chips countersvery difficult to go high even with huge volume traded, for myself will never buy into this type of counter, might be one day the company announcing shares consolidate 10 to 1 or 20 to 1, then our funds all burnt 🔥
Sorry, I know this is not Velesto blog..just few message only.
Ya agreed iklim. PNB major shareholder follows by HLB. They know how to push it up. In 2019 Velesto can shot up to 0.40/0.42 with minimum DCR. Today YTD Petronas paying them above usd100 per day..superb excellent DCR. When big2 sharks enter in, very easy to push it up. Read below👇
On the daily chart, VELESTO ENERGY BERHAD (VELESTO) exhibits a bullish sentiment, trading above the 200-day Simple Moving Average (SMA), indicating a long-term uptrend. The Relative Strength Index (RSI) at 51.28 suggests a bullish stance, with the stock experiencing moderate buying pressure. The Moving Average Convergence Divergence (MACD) confirms the bullish momentum, with the MACD line above the signal line. The 21 SMA at 0.265 further supports the bullish narrative, while the 62 SMA at 0.272 indicates short-term bearish pressure. Should the current momentum continue, Velesto's price could challenge the nearest resistance level at 0.29, with a potential retest of the secondary resistance at 0.31. Conversely, in the event of a trend reversal, key support levels to watch are at 0.26 and 0.23. Our research house recommends a BUY call on VELESTO, with a target price of RM0.34.
Planter agreed with you. Im not left DFX and still monitoring it. DFX in my radar. But DFX need some catalysts, the hot DC sentiment is over i guess. The next steps investors looking for some contract announcement..otherwise flat. Hopefully we receive good news soon.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Nieto9
230 posts
Posted by Nieto9 > 2024-07-11 20:41 | Report Abuse
Once the 20 cents support level is broken, DFX will enter a downtrend…