RHB Retail Research
Trading Stocks - Elsoft Research
Elsoft Research is set to move higher after breaching above the immediate resistance of MYR0.90 on strong trading volume – coupled with a long bullish candlestick. If it stays above that level, the bulls may test the MYR0.98 immediate resistance, before reaching the MYR1.03 resistance, ie the 52-week high. However, falling below the MYR0.83 support may trigger a downtrend – forming a “lower low” structure.
Source: RHB Securities Research - 17 Sept 2021
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