TENAGA NASIONAL BHD
Observation from Chart:-
28 Oct 2011, TENAGA retest MA100 resistant but unable break through.
Will it retrace down?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastics %K been trigger SELL call, pending confirmation.
TENAGA been announced fourth quarter net loss of RM453.90 million, the second consecutive quarter of losses on Oct 28, 2011.
High probably, it might retrace down retest support.
Immediate support is around RM5.70 level.
Subsequent support would be MA50 which is around RM5.32 level.
Let watch closely.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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