Friday, 22 July 2011. BENALEC – Stock Pick

BENALEC ( 5190 : 1.57 ) : Breakout
Description
Marine services
Resistance : 1.60 1.73
Support : 1.48
RSI of 61
RSI is heading higher
STOCHASTIC
It has swung upwards
TREND INDICATOR.
Up
Comment
Following the consolidation breakout, the upside is at 1.60, and 1.73
Trading Strategy
Buy. Stop loss is at 1.48