ELKDESA trade ideas
ELK-DESA RSC - top 20 jewel series of malaysia stockstop 20 jewels frm a very popular local bank...
fundamental : I don't know...
technical : let's look at some price action...
ever since its inception in 2012, ELK-Desa has been trading in a tight range price ranging frm RM1.12 – 1.56...the highest price was RM1.75...
now it is in the middle of the price, RM1.35, more like a “no man land”...lower support is at RM1.12, while higher resistance was the invisible “ceiling” at RM1.56...to confirm an uptrend, it needs to break abv the RM1.56 to retest the high at RM1.75...or risk-takers can challenge the low at RM1.12...
current support : RM1.12
resistance : RM1.56...
higher resistance : RM1.75.
in overall, ELK-desa is trading in a sideway, it is pretty hard to identify the direction of the price...
WARNING : this is juz a trading idea...trade at your own risk!
plz like and share...
