Highlights

Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Mon, 27 May 2019, 2:51 PM

 

Technical View - Tenaga Nasional Bhd (TENAGA, 5347)

Author:   |    Publish date:


Tenaga Nasional Bhd (5347) 

  • TENAGA gained 38 sen or 3.0% to close at RM13.06 yesterday.
  • TENAGA formed a bullish long white candle accompanied by resistance breakout sending the price to close above RM 13.00 level yesterday. As such, we expect the buying momentum to persist while we also believe that TENAGA is currently trading at 2 standard deviation below its 1-year mean thus providing an attractive entry opportunity.
  • From here, resistance levels are expected at RM13.60 (R1) and RM 14.02 (R2) for the next level.
  • Meanwhile, support levels can be found at RM12.60 (Si) and RM12.44 (S2).

Source: Rakuten Research - 19 Mar 2019

Share this
Labels: TENAGA

Related Stocks

Chart Stock Name Last Change Volume 
TENAGA 11.30 -0.24 (2.08%) 3,759,900 

  Be the first to like this.
 


 

207  285  533  1211 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.195+0.01 
 VC 0.250.00 
 HSI-C5J 0.235+0.015 
 HSI-C5H 0.255+0.015 
 KNM 0.19-0.01 
 EKOVEST 0.73-0.04 
 SAPNRG 0.290.00 
 LAMBO 0.060.00 
 PHB-OR 0.0050.00 
 EKOVEST-WB 0.235-0.045 
Partners & Brokers