Elsoft Research rebounded and touched the RM0.865 resistance level. With its RSI indicator moving upwards, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.895, followed by RM0.91. The downside support is marked at RM0.82. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.865
Target: RM0.895, RM0.91 (time frame: 2–4 weeks)
Exit: RM0.82
Source: AmInvest Research - 2 Aug 2021
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Created by AmInvest | Nov 25, 2024
Created by AmInvest | Nov 21, 2024