$VELESTO (5243.MY)$ “Big Funds Buy Red, Retail Sells Red — C...

“Big Funds Buy Red, Retail Sells Red — Classic Flush & Collect.”
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📌 1) Shareholder Structure: Fund-Heavy Counter

PNB 43.8%
ABRDN 8.38% (just filed multiple new acquisitions)
PETRONAS 7.11% 👉 When >60% held by institutions → price moves follow fund accumulation behaviour, not retail trading.

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📌 2) Market Position Map Shows the Real Battle
Avg Cost: 0.222
Resistance: 0.244
Support: 0.196

Profit Ratio: 45.84% 👉 Almost half still in profit → operator can push down without triggering mass FOMO buying.

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📌 3) Why Price Drops Even As XL Buys Non-Stop

XL (via funds/custodians) keeps accumulating millions
They accumulate by pressing price down, not by marking up
They flush retailers with avg cost near 0.222
👉 Downward pressure = part of the collection strategy.

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📌 4) Today’s Tape = Retail Flushed, Funds Absorbing

Intraday outflow > inflow, but buy queue still thick
Large blocks sitting on ask to cap the price
👉 This is textbook absorption during accumulation.

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📌 5) Likely Operator Game Plan

Phase A (Now): Flush 0.230 → 0.225
Phase B: Sideways accumulation 0.215–0.230
Phase C: Push back to 0.244 once supply dries
👉 Same pattern repeated many times in fund-controlled counters.

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📌 6) Trade Plan (Not Buy/Sell Call)

Accumulation zone: 0.215–0.230
Avoid chasing above: 0.245
Supports: 0.210 / 0.196

TP1: 0.244
TP2: 0.260–0.280 if O&G sentiment returns

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📌 7) Quick Summary

🔵 Funds buying
🔻 Price dropping = intentional flush
🧱 Support intact
🛒 Accumulation ongoing
🧘 Patience > panic for fund-heavy counters