RHB Retail Research
Technical Analysis - Elsoft Research
Elsoft Research may rebound further after it tested the MYR1.13 support recently. Given that the stock has formed a “Bullish Harami” pattern on 11 Dec, this indicates a potential rebound. A bullish bias may appear above the MYR1.13 level, with an exit set below the MYR1.13 threshold. Towards the upside, the near-term resistance is at MYR1.23. This is followed by the MYR1.30 level.
Source: RHB Securities Research - 12 Dec 2018
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