Thursday, June 8, 2017

Technical Analysis Jun 2017: TENAGA (5347)



TENAGA NASIONAL BHD 

Observation from Chart:-

TENAGA succeed breakout ascending triangle resistance.

How high will it go?

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

Immediate support @ RM14.00 level.
Subsequent support @ RM13.80 level.

Immediate resistance @ RM14.28 level.
Subsequent resistance @ RM14.58 level.

Let's watch closely.

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