Monday, May 15, 2017

Technical Analysis May 2017: BENALEC (5190)


BENALEC HOLDINGS BERHAD 

Observation from Chart:-

BENALEC forming symmetrical triangle pattern.

When will it breakout?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K remain on SELL call itinerary.

Immediate resistance @ RM0.525 level.
Subsequent resistance @ RM0.55 level.

Immediate support @ RM0.50 level.
Subsequent support @ RM0.485 level.

Let's watch closely.

0 comments:

Post a Comment