RHB Retail Research

Technical Analysis - Tenaga Nasional

rhboskres
Publish date: Mon, 02 Jul 2018, 09:43 AM
rhboskres
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RHB Retail Research

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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