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.
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