Tuesday, July 12, 2011

Technical Analysis July 2011: TENAGA (5347)



TENAGA NASIONAL BHD


Observation from Chart:-

12 July 2011,TENAGA retest RM6.65 support.

If able rebound, it might retest RM6.80 resistant level.

However, if further retrace down, subsequent support at RM6.58 level or MA50 level.

Other indicator:-
MACD trade at positive region, it is uptrend sign.
Stochastics %K already trigger buy call, pending confirmation.

Let watch closely for entry opportunity.


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

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