Elsoft Research may rise higher after it formed a second consecutive white candle. This can be regarded as a continuation of the rebound that started off 25 Oct’s “Hammer” pattern. A bullish bias may emerge above the MYR3.05 level, with an exit set below the MYR2.90 threshold. Towards the upside, the immediate resistance is at MYR3.26. This is followed by the MYR3.42 level.

Source: RHB Securities Research - 29 Oct 2018