Thursday, September 8, 2011

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!!!

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