My market view
TENAGA price trap?
milosh
Publish date: Tue, 08 Jun 2021, 11:33 AM
milosh
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Killing my extra free time by sharing ideas.
For more check out my blog: http://miloshtrading.blogspot.com
<i>These articles are not trading recommendations, just expression of my personal views, please do your own "homework" when deciding to invest! I am not licensed advisor by SC and I am not recommending any action to buy, hold or sell. All articles here are based on publicly available data from Bursa Malaysia. I do NOT profit from it in any possible way.</i>
For more check out my blog: http://miloshtrading.blogspot.com
<i>These articles are not trading recommendations, just expression of my personal views, please do your own "homework" when deciding to invest! I am not licensed advisor by SC and I am not recommending any action to buy, hold or sell. All articles here are based on publicly available data from Bursa Malaysia. I do NOT profit from it in any possible way.</i>
TENAGA in my opinion is a good utility blue chip, with a solid potential to growth (for such large company), but it seems there is a lot of resistance on psychological level of 10. To be more accurate - its little bit over 10 - as many times buyers push it well over, shortly, it always felt back down.
In my opinion there is no reason to be "scared" of 10 or whatever number, TENAGA should be much higher.
More posts on my BLOG.
Disclosure: Im holding TENAGA for longterm
Disclaimer: Im not a professional financial advisor or a financial analyst or an economist or an accounter.
This is not a trading recommendation / advise, just my personal view
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milosh
time to wake up already
2021-06-10 10:24