Saturday, November 26, 2011

Technical Analysis Nov 2011: TENAGA (5347)


TENAGA NASIONAL BHD

Observation from Chart:-

TENAGA trade below MA50 support level.

High probably will go lower.

How low will it go?

Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastics %K still on SELL call.

Strong support is RM5 psychology level.
Strong resistance would be MA50 level.

Let watch closely.

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