RHB Retail Research
Trading Stocks - Elsoft Research
Elsoft Research was testing the MYR0.89 level in its latest session. A bullish bias may be present above this point, with a target price of MYR0.975, followed by MYR1.04. The stock may take a breather if it cannot breach above the MYR0.89 threshold decisively in the near term. Support may be found at MYR0.80, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 16 Jan 2020
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