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KUALA LUMPUR (Jan 15): PublicInvest Research said Elsoft Research Bhd is staging a potential recovery from its prior downtrend.
In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term.
“Should resistance level of 88.5 sen be broken, it may continue to lift price higher to subsequent resistance levels of 91 sen and 93 sen.
_*Disclaimer*:This message is for information purposes only. Reproduction or dissemination to third party is prohibited. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information nor shall it be construed as an offer/solicitation or recommendation to buy/sell any stocks . Investors should make their own informed decisions by consulting your own independent adviser(s) before investing. We accept no responsibility or liability for loss or damage that may arise from the reliance of this message. For the full information regarding the stocks mentioned herein please refer to the relevant websites._
_*Disclaimer*:This message is for information purposes only. Reproduction or dissemination to third party is prohibited. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information nor shall it be construed as an offer/solicitation or recommendation to buy/sell any stocks . Investors should make their own informed decisions by consulting your own independent adviser(s) before investing. We accept no responsibility or liability for loss or damage that may arise from the reliance of this message. For the full information regarding the stocks mentioned herein please refer to the relevant websites._
As expected, EPS has improved QoQ but lower YoY. Elsoft would perform better in year 2020 with the new 5G phones coming up, more LED flash lights are needed. Year 2019 was a bad year for semiconductor industry and it has passed.
Elsoft has an improved revenue, PAT and EPS compared to previous quarter showing the overall performance of the company has improved tremendously. Almost by 50%. From the previous quarter earnings reported at 22nd November the stock gapped down and opened at 0.89. Let's see if the price can go beyond RM0.90 this time!
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....
lee9fold
4,730 posts
Posted by lee9fold > 2019-12-26 11:11 | Report Abuse
engine started? hopefully can see 1 soon haha