Saturday, June 23, 2012

Technical Analysis June 2012: TENAGA (5347)


TENAGA NASIONAL BHD

Observation from Chart:-

TENAGA succeed break through RM6.67 resistance level?

How high will it go?

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

Strong support at MA50 / MA20 level.
Immediate resistance would be RM6.82 level.

Let's watch closely.

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