KLSE Stocks Review

TENAGA (5347) The Story behind the Chart of TENAGA NASIONAL BHD

ChartStory72
Publish date: Mon, 28 Jun 2021, 03:05 PM
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Tenaga 5347 
 
Overall prices are in a long term downtrend. The downtrend is just too long term that I have to switch the chart into a weekly mode in order to see a better picture of what's going on. 
 
Eventhough prices are in a long term downtrend, there some key areas where there are potential rebounds. If you love risk taking and play against the trend then this is for you. Notice prices are now finding support at the mini support? If the mini support can hold, prices should rally back up towards the Super Resistance Triangle Zone. 
 
However, the true support is actually much lower and if the mini support could not hold, prices will more likely to rebound at the true support Area, which I have already highlighted in blue. 
 
Good Luck. 
 
Industry: Electricity. 
 
In this fast-moving digital world, we get information in a few clicks. 
However, we rarely get first-hand information and more often we get misleading news.
Investing in stocks today is very different from the past, but one thing hasn't changed - to study about a stock before putting money in.
 
A stock chart contains data that is publicly available and accurate by itself. By having certainty in data quality, we can comfortably study charts and make investment judgements.
At Chart Story, we believe stock prices move for a reason. Our objective is to share what we believe.
 
Come join us on Telegram and PM us to learn more and request for the stocks you need reviewing for FREE. 
 
Telegram : https://t.me/thechartstory

 

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