Sunday, July 22, 2012

Technical Analysis July 2012: BENALEC (5190)


BENALEC HOLDINGS BERHAD

Observation from Chart:-

BENALEC forming bolinger band squeeze within RM1.12 to RM1.20 level.

When will it break through?

Other indicator:-
MACD indicator trade at negative region, downtrend sign.
Stochastic %K already trigger BUY call.

Immediate resistance RM1.20 level.
Immediate support MA20 level.
Subsequent support RM1.12 level.

Let's watch closely.

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