Trade ideas for this counter. Price now exactly at RBS resistant become support area at weekly TF.. Inline with RBS, there a hidden zone RBR rally base rally at daily TF which the first movement price break the resistant.. and price start to react when it retest this area.. If price going further down, expect it will retest final zone before going up.. CL if...
It can be seen volume is lower and lower when price is high (flagged in blue), indicating the purchase interest is no longer so powerful. Coming days should be traded low volume, as long as price supported at 0.900 regardless of staying in Flat Top area. If buying interest is coming back, candles should join back the Flat Top area and retest the Flat Top...
Hope it will break the resistance soon. This is just my opinion. I will not take any responsibility if the data is inaccurate.
Based on TA, Elsoft will sure making new high based trendline PB is the best price to Enter but if its BO, Can wait for confrimation of bullish candle 2 scenarios can happen either Elsoft will directly go up as per blue line or will going Pullback and rebound with bigger momentum to break resistance as per green line. But what can be confirn is elsoft will...
We are viewing a Flat Top, which is a trend that higher possibility breaking Resistance of 0.995. Low volume can be seen when Daily Candles touch gradient, it will rebound, a good sign still. As long as Daily Candles buoyant in the Triangle area, it will form higher low, and attempting break 0.995.
At trendline 0.900, should bounce at this or bust!
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...
It seems that after sleeping for a while Elsoft is ready to be bullish again
Corporate Name : ELSOFT RESEARCH BERHAD Symbol & Code : ELSOFT (0090) Board : MAIN Shariah : Compliant Sector : Technology Sub-Sector : Technology Equipment • Weekly: ELSOF is trying to break the 200ma resistance. Now it’s making a downturn. • Daily: Price on a steady ascend above 20ma. If it is able to momentum the momentum, the bullish pattern will resume....
Elsoft possible to breakout higher. PRICE NOW 0.64 Today volume and price increase. Selling momentum decreases forming a divergence in momentum. Red line indicates the downtrend line, price are ready to cross up the red line soon. RISK REWARD RATIO - 1:2.3 TP 0.75 2nd TP 0.9 CL 0.59 Like my works? Please hit the Like, Follow and Share :) Thanks!
After price break RM0.635 and immediate resistance is RM0.67 &RM0.725. RM0.62 will be crucial support price for re-test/break the previous resistance. Elsoft's earning may start recover by yr 2021 (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
ELSOFT cantik BO pattern dan breakaway gap disokong oleh vol bersama marubozu padu.Tekanan jualan panik menyebabkan ia tidak mampu close dengan solid. CHART INI HANYALAH UTK KAJIAN DAN BUKAN BUYCALL SILA JAGA TRADING PLAN TUAN/PUAN.