Monday, December 24, 2012

Technical Analysis Dec 2012: TENAGA (5347)

TENAGA NASIONAL BHD

Observation from Chart:-

TENAGA consolidate within RM6.74 & RM6.88 range.

When will it break through the band?

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

Immediate support @ MA20 / MA50 level.
Subsequent support @ MA100 level.

Immediate resistance @ RM6.88 level.
Sunsequent resistance @ RM6.98 level.

Let's watch closely.

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