Benalec may further strengthen on improved volume yesterday. A purchase can be made on a close above the three-month high of RM1.23, with a close below the recent low of RM1.15 as a stop-loss. The price target is at the prior high of RM1.40, with selling also anticipated at RM1.30. Failure to break higher should see the stock trend sideways and strong support lies at RM1.10.
Source: OSK
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