Thursday 29 November 2012

Stock Overview - BENALEC - 30 Nov 2012

BENALEC (5190 : 1.29 ) : Buy below 1.25

Description


Resistance : 1.40
Support : 1.24

RSI of 37
RSI is approaching oversold

STOCHASTIC
It is on base forming

Comment
With support at 1.24, it is heading for a test on the 1.40 resistance

Trading Strategy
Buy below 1.25. Stop loss is at 1.20

Source:Jupiter Securities Research, 30 November 2012

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