ELSOFT STILL HAVE ROOM FOR DOWNWARDWait 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 customers who manufacture optoelectronic devices such as LED, image sensors and automotive lightings to test their products before launching into the market. The name “Elsoft” consists of two elements i.e. Electronics and Software, symbolising the Group’s core competency in advanced electronics design and software technology innovation. Products are as follows:
Industrial IO Board
Automated LED Test Equipment
LED Burn-in System
Solar Cell Tester
ELSOFT trade ideas
ELSOFT - 29 October 2021The 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 previous resistance of November 2018. A decisive setback and closing below the 0.635 would change the bullish stance. Trade at your own risk
Will ELSOFT continue its climb ?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)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.
ELSFOT - Consolidation Pre-BreakoutNO 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 the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
ELSOFT - Killin' Me Softly With the ReboundEntry 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 hype
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and moke some money.
-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group
ElsoftTrade 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 price break this final zone
Happy trading
Tayor
Back to the gradientIt 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 Resistance.
Do notice the release of Quarter Report along with the market sentiments.