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Elsoft Research Bhd.

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ELSOFT trade ideas

ELSOFT RESEARCH BHD (9-FEB-2021)The reversal of the trend has been evidenced by the breaking of the major down trendline since Sept 18. The consolidation within the “pennant” pattern is unfolding and is hovering around the same price zone after rebounding off 38.2% Fibonacci retracement which coincides with mid-line of BB (20-day SMA) The stock as a solid chance to break out the pennant pattern. Next R/ TP: • 1.04 (50% FE) • 1.09 (61.8% FE) • 1.39 (Pole of pennant pattern) Support: • 0.855 • 0.795 Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
MYX:ELSOFTLong
by Hassan_Abdullah
EASY123 Prediction @MYX ELSOFTLife is simple...Trade with Simplicity! BUY Signal = (BT-Yellow-Diamond), (White-Candle), (Green-Upward-Triangle), (White-Star) SELL Signal = (Red-Dot), Red-Downward-Triangle) *The trend direction: Reversal (Green background Uptrend signal observed) *The Bottom signal ( BT ) was sighted on 24-Dec. *Price tested the lifeline (Redline) & close above it on 15-Jan. *The Bell Alert was triggered on 15-Jan, an indication of a coming signal. Prediction: The current price just break out the BOX. This will result in the pullback/correction to/nearby the lifeline (Red-line) area. After correction likely will be a new rally. Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively.) Target Price: RM0.91-93 & RM0.98-1.01, RM1.08-1.11 Cut Loss: If broke below S1 Support RM0.79 *Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it...Trade at your own risk.
MYX:ELSOFTLong
by Simply_Is_Beauty
{SWC}——ELSOFT, Momentum Recharged?Thank you for your continued support :) Strategy: Price-Volume Analysis Re-look. Covered and traded earlier. Congrats students from private group who followed and profited earlier. Bias: Bullish. After a gap up breakout of the consolidation zone 4 days ago, ELSOFT experienced pull back with diminished volume. After T3 pull back, share price is likely to find it support at 0.855. Momentum is seemed to have recharged. The strong resistance will be at the gap resistance that meant to be closed. S: 0.855 R: 0.890, 0.915, 0.935 If you find this idea helpful, kindly leave us a like or comment! :)
MYX:ELSOFTLong
by ShareWorldConsulting
{SWC}——ELSOFT, W-shaped bottom formationThank you for your continued support :) Strategy: Bullish Chart Pattern Formation Bias: Bullish. ELSOFT, W-shaped bottom well formed with volume today, neckline at RM0.855. W-shaped bottom is a potential trend reversal pattern, which will revere the current unfavorable trend. Furthermore, ELSOFT share price breakout from a short term downtrend line with volume as shown in the chart above. SWC believes when ELSOFT share price breakout from neckline (RM0.855), it will attract the buying interest and towards our targeted resistance (RM0.89). SWC expects a positive movement in near term. If the momentum can bring ELSOFT to close the gap, the next resistance can target at RM0.93. Support: 0.825 Resistance: 0.89, 0.93
MYX:ELSOFTLong
by ShareWorldConsulting
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