Friday, 8 July 2011. BENALEC – Stock Pick

BENALEC ( 5190 : 1.53 ) : Overbought
Description
Marine construction
Resistance : 1.57
Support : 1.46
RSI of 69
RSI is approaching overbought
STOCHASTIC
It is on a limited upside
TREND INDICATOR.
Up
Comment
With the upside limited at the Double Top of 1.57, a pullback is likely
Trading Strategy
Take profit. Overbought