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ELSOFT - 29 October 2021

Long
MYX:ELSOFT   ELSOFT RESEARCH BHD
The general outlook of ELSOFT is bullishly supported with ascending peaks of the post-March 2020 bull market. Price recently broke out from the ascending triangle which is usually viewed as a bullish continuation. I look forward to an upside price movement targeting at 1.280 as the triangle upside measurement price target and eventually further at 1.480 as the previous resistance of November 2018. A decisive setback and closing below the 0.635 would change the bullish stance. Trade at your own risk