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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 11 Jun 2021, 10:56 AM

 

Technical Buy: BENALEC (5190)

Author:   |    Publish date:


  • Target Price: RM0.125, RM0.135
  • Last closing price: RM0.110
  • Potential return: 13.6%, 22.7%
  • Support: RM0.105
  • Stop Loss: RM0.095

Possible for further upside. BENALEC is attempting to extend its current uptrend. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.120 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.125 and RM0.135.

However, failure to hold on to support level of RM0.105 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 22 May 2020

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Labels: BENALEC

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Chart Stock Name Last Change Volume 
BENALEC 0.14 +0.005 (3.70%) 264,100 

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