RHB Retail Research
Technical Analysis - Elsoft Research
Elsoft Research
Elsoft Research formed a long white candle yesterday, indicating that the momentum of buying could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR2.80 level, with an exit set below the MYR2.63 threshold. To the upside, the near-term resistance is at MYR3.30. This is followed by the MYR3.50 level.
Source: RHB Securities Research - 16 Aug 2018
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