Technical Stockpick - Elridge Energy Holdings Bhd
Thu, 18-Dec-2025 07:25 am
by Research Team • Apex Research

ELRIDGE (0318)
Last Price (RM)
1.02
Resistance (RM)
R1 — 1.10 / R2 — 1.13
Support (RM)
S1 — 1.03

Technical Commentary:

After a strong rally, the stock has entered a consolidation phase just below its recent high at RM1.03. Price remains above its rising medium-term moving averages, indicating the broader uptrend is intact, although near-term momentum has moderated. A breakout above RM1.03 would confirm trend resumption toward the next resistance levels at RM1.10 and RM1.15, while RM0.98 marks the key near-term support.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.071594 4.103148
EUR 4.788661 4.792351
CNY 0.580700 0.581157
HKD 0.523467 0.527018
SGD 3.153405 3.174965