I agree with KC Loh. Looks very tempting if you compare it with its previous high. But it's on a downtrend, which is obvious even without looking at the technical charts. Maybe it's better to wait until a solid support base is formed first. It's better to buy when something is going up even though the price might be more expensive than to buy cheap and then seeing it go lower.
this is no quite a good company, its earning per share for 1st quarter for 2012 is 2.8 cents compared to preceding year 4.0 cents, unbelievably its target price is around rm1.71 , how do they derive this???
Inspite of the positive news on BENALEC's maiden foray into the O&G sector last December, the share price had been battered over the past two months. Yesterday, BENALEC ended at RM1.18, down almost 20% from its December highs. The share price is trading close a confluence of support levels (RM1.14) where we expect some bargain hunting to exist. The overall uptrend remains largely intact, and both the Stochastic and RSI indicators have also hooked upwards from oversold territory. We reckon that a rebound is likely, and expect the share price to gradually inch higher towards RM1.23 and RM1.27 next. Meanwhile, strong support remains at RM1.14, and RM1.10 further down.
dknycom is a joker, last time he told me fund manager is buying this benalec, must buy or regret etc etc, now he scold benalec stupid counter kikikiki...
and SEGi , last time keep commenting buy buy buy , now so quiet already...
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Posted by WilliamWang > 2013-01-30 15:48 | Report Abuse
who ask u follow TP .. another investor with wrong strategies