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KarenSoft looks attractive
TheEdge Daily, Tuesday, January 4, 2005
KarenSoft Technology Bhd’s support level is seen at 88 sen to 90 sen with resistance at 99 sen and RM1, according to Mayban Securities Research.
The research house said: “The technical indicators for KarenSoft looks attractive. Stochastic indicator has staged a positive crossover and KarenSoft is currently forming a base at 88-90 sen.
“Hence, traders should accumulate during pullback and sell into strength.”
Going forward, Mayban Research believed KarenSoft would continue its expansion plans locally as well as overseas such as in China, Thailand and Iran. It said the company would also improve on their product offerings, which would further enhance their position in the market.
KarenSoft had introduced radio frequency identification (RFID) capable KarenSoft ERP 2005 application recently, an enhanced application that comes with a new look and feel, which will enhance user-friendliness.
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