Friday, 13 Jan 2012 BENALEC – Stock Pick

BENALEC ( 5190 : 1.32 ) : Targeting 1.76
Description
Resistance : 1.76
Support : 1.29
RSI of 53
RSI is neutral
STOCHASTIC
It is oversold, and due for a recovery
TREND INDICATOR
Up
Comment
Currently it is hovering at a key support level of 1.29, indicating an eventual upward push to 1.76
Trading Strategy
Buy. Stop loss is at 1.28


Disclaimer
This report is provided for information purposes only.

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

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