Tuesday, February 1, 2011

Technical Analysis Feb 2011: TENAGA (5347)



TENAGA NASIONAL BHD

Observation from Chart:-

As 31 Jan 2011, TENAGA closed at RM6.15

It might retest next support, RM6.05 & technical rebound.

From RSI & Stochastic %K, it was oversold stage, technical rebound will in place anytime.

If rebound, it might retest resistant RM6.28, RM6.52

If the rebound strong enough, it might retest RM6.69 level.

Let watch closely for entry oppotunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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