RHB Retail Research
Technical Analysis - Elsoft Research
Elsoft Research
Elsoft Research may rise higher after forming a long white candle and leaving an upside gap. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR3.30 level, with an exit set below the MYR3.06 threshold. Towards the upside, the immediate resistance is at MYR3.50. This is followed by the MYR4.00 level.
Source: RHB Securities Research - 30 Aug 2018
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