Elsoft Research may rise higher after it breached above the MYR1.10 threshold. This close has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.10 level, with an exit set below the MYR1.00 threshold. Towards the upside, the near-term resistance is at MYR1.21. This is followed by the MYR1.30 level.

Source: RHB Securities Research - 18 Jan 2019