Friday, April 7, 2017

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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