RHB Retail Research
Technical Analysis - Elsoft Research
Elsoft Research may rise higher after it breached above the downtrend line drawn in the chart. Yesterday’s white candle can be viewed as the bulls extending the rebound from 31 Oct’s upside gap. A bullish bias may emerge above the MYR3.17 level, with an exit set below the MYR3.00 threshold. Towards the upside, the immediate resistance is at MYR3.42. This is followed by the MYR3.53 level.
Source: RHB Securities Research - 9 Nov 2018
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