Wednesday, February 8, 2012

Technical Analysis Feb 2012: TENAGA (5347)


TENAGA NASIONAL BHD
Observation from Chart:-

TENAGA trade below MA50 support level.

Will it break through RM6.58 level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastics %K trigger BUY call.

Strong support at MA200 level.
Strong resistance would be RM6.58 level.

If the bull strong enough, it might break through RM6.58 & consolidate between RM6.58 to RM7 level.

Let watch closely.

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