Technical Analysis Apr 2017: ELSOFT (0090)
ELSOFT RESEARCH BERHAD
Observation from Chart:-
ELSOFT (0090) forming higher high & higher low.
Will it breakout resistance & go higher?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on SELL call itinerary.
Immediate support @ RM2.00 level.
Subsequent support @ RM1.95 level.
Immediate resistance @ RM2.15 level.
Due to overbought, high possibility will consolidate sideway or retest support level.
Let's watch closely.
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