As per Kenanga technical analysis BENALEC’s confirmation of the “Bullish Flag” chart pattern yesterday was supported by active trading and continued dominance of buyers. The share price ended 16 sen higher to settle at RM1.55 yesterday. In fact, the stock has also taken out the crucial multi-month resistance @RM1.47. Thus, we believe the stock is likely to continue its upwards trajectory towards RM1.69, for a 14 sen upside potential.
usually to hit limit up, the counter needs to be suspended. Of course for all good reason, the suspension for Benalec is to announce the deal. The suspension mechanism basically give sometime for investor to rethink their strategy and investment decision base on the news flow.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 804 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
crawler
4,829 posts
Posted by crawler > 2013-06-05 09:15 | Report Abuse
this stock will go even higher with rerating on the card