Technical Analysis Sept 2011: TENAGA (5347)
TENAGA NASIONAL BHD
Observation from Chart:-
After huge retrace down, 7 Sept 2011,TENAGA formed a doji candlestick.
8 Sept 2011, rebound RM0.18 or 3.5%
Other indicator:-
MACD bullish touching pending crossover. BUT, still trade at negative region, it is downtrend sign.
Stochastics %K been trigger BUY call.
High probably, it might retest RM5.50 resistant or bolinger middle band.
Let watch closely.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
0 comments:
Post a Comment