RHB Retail Research
Trading Stocks - IOI Properties Group
Tenaga Nasional may rebound further after it tested the MYR11.24 support in recent sessions. Given that it has formed a white candle for the second consecutive session, the positive sentiment has been enhanced. A bullish bias may appear above the MYR12.00 level, with an exit set below the MYR11.24 threshold. Towards the upside, the near-term resistance is at MYR13.00. This is followed by the MYR13.50 level.
Source: RHB Securities Research - 4 Jun 2019
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