Friday, December 16, 2011

Technical Analysis Dec 2011: BENALEC (5190)


BENALEC HOLDINGS BERHAD

Observation from Chart:-

After BENALEC break down MA20 support level, it keep going decending.

15 Dec 2011, BENALEC retest MA50 support level.

Will it rebound?

Other indicator:-
No reversal candlestick been formed.
MACD indicator moving toward negative region, downtrend sign.
Stochastic %K extremely oversold stage, pending BUY call triggering.

Let watch closely.

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