Sep 17, 2014

Benalec – Technical Buy Signal

Technical Comments: A daily stochastics buy signal on Benalec should enhance oversold rebound towards the 30-day moving average (98sen), with next upside hurdles at the 23.6%FR (RM1.02) and upper Bollinger band (RM1.05), while crucial support is from 85sen (11/3/14 low). Similarly, Tanjung Offshore should extend rebound towards 58sen (61.8%FR), while a decisive break

Benalec Daily Chart (click to enlarge)



by TA Securities