Elsoft Research may rise higher, says RHB Retail Research

Elsoft Research may rise higher, says RHB Retail Research
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KUALA LUMPUR (April 29): RHB Retail Research said Elsoft Research Bhd may rise higher after it breached above the 62.5 sen threshold.

In a trading stocks note today, the research house said as the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced.

“An upbeat bias may emerge above the 62.5 sen level, with an exit set below the 56 sen mark.

“Towards the upside, the immediate resistance is at the 70.5 sen level, followed by the 76.5 sen threshold,” it said.