Wednesday, January 14, 2015

Technical Analysis Jan 2015: TENAGA (5347)

TENAGA NASIONAL BHD 

Observation from Chart:-

TENAGA retest RM14.54 resistance level again.

How about this round? Will it breakout?

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

Immediate support @ RM14.00 level.
Subsequent support @ RM13.64 level.

Immediate resistance @ RM14.54 level.

Let's watch closely.

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