Saturday, January 5, 2013

Technical Analysis Jan 2013: BENALEC (5190)


BENALEC HOLDINGS BERHAD

Observation from Chart:-

BENALEC forming ascending triangle pattern?

Will it break through RM1.48 resistance?

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

Immediate resistance RM1.41 level.
Strong resistance @ RM1.48 level.

Immediate support MA20 level.
Subsequent support @ ascending triangle support level.

Let's watch closely.

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