Benalec may decline after failing to break above RM1.20 despite multiple tests. A position can be liquidated below the 52-week low of RM1.10 and supports are expected at the psychological RM1.00, and if broken, RM0.85. A sustained close above RM1.10 could lead to a rebound but weakness is only cancelled on a close above RM1.20.
Source: OSK
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