Benalec may trend higher after it formed a long white candle and breached above the MYR0.20 threshold. Yesterday’s long white candle sent the stock to its 4-month high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR0.20 level, with an exit set below the MYR0.175 threshold. Towards the upside, the immediate resistance is at MYR0.235. This is followed by the MYR0.25 level.

Source: RHB Securities Research - 21 Feb 2019