RHB Retail Research
Trading Stocks - Elsoft Research
Elsoft Research may rebound higher after it continued holding above the MYR0.805 support. Given it formed a long white candle and climbed above the 21-day SMA line, this has enhanced the bullish sentiment. A positive bias may emerge above the MYR0.83 level, with an exit set below the MYR0.805 threshold. Towards the upside, the immediate resistance is at the MYR0.895 mark. This is followed by the MYR0.94 level.
Source: RHB Securities Research - 13 Feb 2020
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