AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 4 Dec 2020, 10:14 AM


Stocks-on-Radar- Tenaga Nasional (5347)

Author:   |    Publish date:

Tenaga Nasional pulled back, touching its low at RM9.80. With its RSI indicator falling into the oversold region, coupled with sustainable trading volume, we see there is a bargain-hunting opportunity with a possible technical rebound. If this happens, we expect it to move towards the short-term target prices of RM10.10 and RM10.40. The downside support is projected at RM9.50. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM9.80

Target: RM10.10, RM10.40 (time frame: 2-4 weeks)

Exit: RM9.50

Source: AmInvest Research - 30 Oct 2020

Share this
Labels: TENAGA

Related Stocks

Chart Stock Name Last Change Volume 
TENAGA 10.94 -0.06 (0.55%) 1,686,900 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate

546  656  538  392 

Top 10 Active Counters
 YONGTAI 0.365+0.07 
 MTRONIC 0.135+0.015 
 HWGB 0.88+0.035 
 SAPNRG 0.125+0.005 
 AT 0.195+0.01 
 MTRONIC-WA 0.09+0.015 
 KNM 0.23+0.02 
 PHB 0.030.00 
 INIX 0.33+0.065 
 EAH 0.03-0.005 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!