RHB Retail Research

Trading Stocks - Tenaga Nasional

rhboskres
Publish date: Thu, 30 May 2019, 04:33 PM
rhboskres
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RHB Retail Research

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 - 30 May 2019

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