Thursday, August 18, 2011

Technical Analysis Aug 2011: TENAGA (5347)



TENAGA NASIONAL BHD

Observation from Chart:-

18 Aug 2011,TENAGA retest RM5.70 support.

If able rebound, it might retest RM5.94 resistant level.

Other indicator:-
No reversal candlestick been formed.
MACD trade at negative region, it is downtrend sign.
Stochastics %K pending trigger buy call.

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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