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RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 13 Sep 2019, 5:22 PM

 

Technical Analysis - Elsoft Research

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Elsoft Research may rebound further after it tested the MYR1.13 support recently. Given that the stock has formed a “Bullish Harami” pattern on 11 Dec, this indicates a potential rebound. A bullish bias may appear above the MYR1.13 level, with an exit set below the MYR1.13 threshold. Towards the upside, the near-term resistance is at MYR1.23. This is followed by the MYR1.30 level.

Source: RHB Securities Research - 12 Dec 2018

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Labels: ELSOFT

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