Bursa Malaysia Stock Watch
Tenaga tested its medium-term uptrend line
kltrader
Publish date: Thu, 07 Jan 2010, 08:13 PM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Tenaga tested its medium-term uptrend line: "Tenaga dropped to a low of RM8.08 this morning before recovering to close at RM8.18 at the end of the morning session. This means that Tenaga has tested its medium-term uptrend line before rebounding. However, the uptrend line is not a 'good' uptrend line as the 'lows' used for plotting the line are bunched up. See Chart 1 below.
Chart 1: Tenaga's daily chart as at Jan 7, 2010_3.50pm (Source: Quickcharts)
From the weekly chart (Chart 2 below), we can see that the MACD & RSI indicators are showing negative signals. Tenaga would turn bearish if it failed to hold above the psychological RM8.00 level.
Chart 2: Tenaga's weekly chart as at Jan 7, 2010_3.55pm (Source: Quickcharts)
"
Chart 1: Tenaga's daily chart as at Jan 7, 2010_3.50pm (Source: Quickcharts)
From the weekly chart (Chart 2 below), we can see that the MACD & RSI indicators are showing negative signals. Tenaga would turn bearish if it failed to hold above the psychological RM8.00 level.
Chart 2: Tenaga's weekly chart as at Jan 7, 2010_3.55pm (Source: Quickcharts)
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
4
save malaysia!
Visa-free travel to China extended for Malaysians to 30 days
5
6
7
BFM Podcast
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
No trading signals available.
Stock
Time
Signal
Duration
No trading signals available.
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
