Saturday, March 11, 2017

Technical Analysis Mar 2017: BENALEC (5190)


BENALEC HOLDINGS BERHAD 

Observation from Chart:-

BENALEC forming higher high & higher low. 

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K remain on BUY call itinerary.

Immediate resistance @ RM0.65 level.
Subsequent resistance @ RM0.74 level.

Immediate support @ RM0.46 level.
Subsequent support @ RM0.40 level.

Let's watch closely.

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