Wait and monitor to complete correction C
Elsoft is principally involved in research, design and development of test and burn-in systems and application specific embedded systems. Elsoft mainly provides cost effective ATE solutions to the semiconductor, optoelectronic and automation industries. The Group’s key product i.e. test and burn-in systems are used by its...
Fundamentally shows significant increasing sales and profits for 3 consecutive quarter.Technically,just break from a tight base of VCP with high volume
Yep..Ive missed this counter of course.ive been busy lately.lots of oppurtunity have been missed.its forming nice VCP setup,and broke its pivot point.Im posting it for further reference
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...
Elsoft seems like already ended for wave 3 and start retracement for wave 4, last point for retracement is 0.895 if break below this point this EW not applicable.
Suggested to ep at 0.91 - 0.92
Last Friday, ELSOFT made a 5.48% increase. Will ELSOFT continue its climb ??? According to the EPRAF technique, if the distance of the green and red lines is still wide and the purple line appears to be looking up, this gives a very good sign for the ELSOFT to continue the climb.
Trading Idea ELSOFT (27/4/2021)
- Buy on dip (yellow zone): RM0.71-0.73
- Target: RM0.795 / RM0.885
- Stoploss: below RM0.675
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to...
Entry Strategy:
1) Refer E1 and E2 - if got momentum just proceed with E1
2) If sideways tomorrow - can eye for E2
3) CL specified - drawdown 10%
Chart:
1) Broken downtrendline weekly on Dec 2020.
2) Quite sharp flush when in the range 1.00 region act as psychology level
3) Potential bottom out and ready to regain momentum
4) Double Bottom
Sentiment:
Sector...
