RHB Retail Research
Trading Stocks - Elsoft
Elsoft Research may move higher after it tested the MYR0.81 support in recent sessions. Given that it has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.88 level, with an exit set below the MYR0.81 threshold. Towards the upside, the immediate resistance is at the MYR0.955 level. This is followed by the MYR1.01 threshold.
Source: RHB Securities Research - 18 Sept 2019
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