RHB Retail Research
Trading Stocks - Elsoft Research
Elsoft Research formed a long white candle, indicating that the buying momentum could be strong. In view that the 21-day SMA line is likely to begin turning upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR0.96 level, with an exit set below the MYR0.895 threshold. Towards the upside, the immediate resistance is at the MYR1.07 level. This is followed by the MYR1.13 mark.
Source: RHB Securities Research - 7 Oct 2019
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