Technical analysis for ELSOFT Stock based on Trend Analysis, Chart Pattern and VPA
Technical analysis for ELSOFT Stock based on Trend Analysis, Chart Pattern and VPA
MYX:ELSOFT Fast Turtle Buy FiFT BOD Star Banker 39% Atom turn green
It seems that after sleeping for a while Elsoft is ready to be bullish again
ELSOFT Rst: 0.685 Spp: 0.635 Bullish engulfing formation, confirming breakout from descending wedge, surging RSI and bullish MACD crossover will induce further strength for the stock. Immediate resistance is right at Fibo Extension 23.6% or upper BB.
A bullish flag pattern appeared, as we can see on the chart. First TP : 0.74 (previous resistant point) If price break 0.74 with high volume, Second TP : 0.8. First support : 0.66 second support : 0.62 Can cut loss at either 1st or 2nd support level. No buy or sell call was given. Buy at own risk :)