Rakuten Trade Research Reports
Technical View - Elsoft Research Bhd (ELSOFT, 0090)
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Publish date: Tue, 08 Oct 2019, 04:20 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Elsoft Research Bhd (0090)
• ELSOFT rose 3 sen or 3.03% to RM1.02 yesterday.
• Share price has broken its key 200-day moving averages of late and is trading above all leading moving averages. The pick-up of recent trading volume could suggest renewed buying interest on the stock, potentially moving share price to higher level.
• Resistance levels are expected at RM1.10 (R1) and further to RM1.22 (R2).
• On the flip side, strong support levels can be found at RM0.90 (S1) and RM0.86 (S2).
Source: Rakuten Research - 8 Oct 2019
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