Elsoft Research (ELSR MK) Technical BUY with +16.2% potential return Last price : RM0.710 Resistance : RM0.825 Support : RM0.670 Stop-loss: RM0.660 BUY with a target price of RM0.825 with a stop loss below RM0.660. Following a correction from the previous high of RM0.755 to the low of RM0.610 on 25 Nov 13, ELSR’s share price recovered gradually to close above the immediate resistance of RM0.670 (now support) last Monday. Given yesterday’s follow-through buying on top of a higher trading volume of 0.8m shares (vs 20-day average of 0.2m), we expect a continuation of the upside hereafter. Given the positive development in MACD and Stochastic indicator as well as the share price rebound from the “cloud”, ELSR is likely to retest the previous high of RM0.755 which, if breached, would spur more buying interest. We set our projected target at RM0.825 over the near term.
Anyone got any negative insights on this counter , kindly share . The positives > than negatives to me now.
The record for year 2009 till present, EPS growing a superb rate, dividend pay put ratio very generous, frequency of dividend payment improving , almost negligible borrowing , maintaining high profit margin above 30% for years - indication of not much competition
Had the company not doing any share buy back earlier last year, it will have been escaping my sight.
this year 2014 wood horse, wood generate fire, fengsui sifu says fire element will stand out....electrical & electronic is fire element ! coincident lei ! ? :)
i give all the positives already, come on, bring me some negative views to do some ying/yang balancing.....
if you are speculators or contra kakis....please don't come here....very very low liquidity, Elfsoft Bhd don't need you here.....:)
don't be the party spoiler, just queue low.....cut queue again - curse the fellow next time "san chai mou si fatt"
this is the dream for all the "da kong chai" to be a part of the owner of profitable company, can forget about building or running own "Sdn Bhd", let the workers do the jobs generating $$$ for the investors
stay low profile, stay hidden, stay out of coverage, stay out of the light.....don't buy for speculators
not sure exact date ie when. Volume has been building up. a good sign. try to find article on the. Edge Malaysia on ' Elsoft sees big boost from medical device segment, pg 24. sorry i cant find the article on google...
Believe Elsoft have met the criterias to be transferred to MB. future looks bright ....read Nanyang - weekend paper or article in the Edge a few weeks back.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Meng
118 posts
Posted by Meng > 2013-09-06 12:00 | Report Abuse
watch closely