Monday, August 15, 2011

Technical Analysis Aug 2011: BENALEC (5190)



BENALEC HOLDINGS BERHAD

Observation from Chart:-

After huge retrace down, BENALEC rebound from RM1.28 support level.

If able break through RM1.40 resistant level, this round rebound might retest RM1.45 resistant level.

Other indicator:-
MACD indicator at negative region, downtrend sign.
RSI & Stochastic %K extremely oversold stage, buy call been trigger.

Let watch closely.

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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