Rakuten Trade Research Reports

Technical View- Elsoft Research Bhd (0090)

rakutentrade
Publish date: Mon, 04 Jan 2021, 04:39 PM
rakutentrade
0 1,962
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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 closed 3.9% or 3 sen higher to RM0.795 last Thursday.

• Recent share price movement saw it broke past key resistance level after a period of consolidation supported by higher trading volume. This suggests renewed buying interest and with the stock being one of the laggards within the technology sector, we expect share price to trend higher.

• From here, resistance levels are expected at RM0.83 (R1) and RM0.895 (R2).

• For the downside, support levels are seen at RM0.70 (S1) and RM0.64 (S2)

Source: Rakuten Research - 4 Jan 2021

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment