Stock Analysis – ELSOFT (0090) – RM0.565:

Reviewing from the daily technical chart, ELSOFT’s stock price has been on sideway consolidation for the past 3 weeks between the price range of RM0.565 down to RM0.535. Today, the stock price is trying to breakout and stay above RM0.565 with spiked volume. The stock price is riding above all EMA lines which are arranged in uptrend order above initial rising SMA200 line. This indicates that the stock price is in transiting from accumulation phase into the initial stage of markup phase;

If the stock price could breakout and stay above RM0.565 for higher high with trending momentum and increasing volume, then let’s monitor for the next possible short-term targets around RM0.580, 0.590, 0.605, 0.650, 0.675, and 0.700. Long term investors may prospect for possible long-term targets to challenge around RM0.715, 0.745, 0.785, 0.800, 0.830, 0.850, and 0.905;

Should the new higher high beyond RM0.565 be successful, trailing stop with EMA20 or EMA30 line, or if the stock price were to pullback unexpectedly, put the short-term stop loss below RM0.535 or worst case below RM0.530;

The secondary indicators like MACD, DMI and RSI are at good junctures that may biased to lead the stock price for further upside and are preparing to initiate its initial stage of its markup phase;

XChart’s Trade Signal has been triggering 20 real times today both session as shown above indicating the stock on “LD01: MACD(>0) Crossing up Signal; CB05: Uptrend Pullback Rebound; until CA06: Uptrend Intact”;

XChart’s Stock Analyser as shown above is fundamentally PFS9=4 indicates FA is not good yet, but technically TAS20>65% indicates that the stock price may biased for further upside and prepares to initiate its initial stage of its markup phase;

Fundamental:
ELSOFT RESEARCH BHD (ELSOFT, 0090) is listed under MAIN market’s Technology Sector.

Principal Products / Services:
Test & burn-in system, Industrial remote IO peripherals, Motion control, Industrial I/O - PCI Bus, Industrial I/O - ISA Bus, Embedded peripherals, Material handling equipment and robotic factory automation equipment.

Financial ratios:
TTM Q4-Dec-2023: PBR=2.83, DY=3.54%, PER=50.90, ROE=5.63%, NGR=NetCash, TLER=0.04;