Monday, October 8, 2012

Technical Analysis Oct 2012: BENALEC (5190)


Observation from Chart:-

BENALEC succeed break through ascending traingle & MA200 resistance with huge volume.

How high will it go?

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

Immediate resistance RM1.27 level.
Strong resistance @ RM1.36 level.

Immediate support MA20 / MA50 level.
Subsequent support RM1.20 level.

Do observed insiders keep acquired the stock in huge volume since early of July.
High probably this coming Quarter Report will be very attactive.
Or any great news / special dividend going announce?

Let's watch closely.


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