Tenaga Nasional may rebound further after it tested the MYR13.54 support in its latest session. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR14.22 level, with an exit set below the MYR13.54 threshold. Towards the upside, the near-term resistance is at MYR15.40. This is followed by the MYR16.12 level.
Source: RHB Securities Research - 2 Jul 2018
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TENAGACreated by rhboskres | Aug 26, 2024