RHB Retail Research

Trading Stocks - Tenaga Nasional

rhboskres
Publish date: Thu, 20 Jun 2019, 04:26 PM
rhboskres
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RHB Retail Research

Tenaga Nasional may trend higher after it formed a third consecutive white candle. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR13 level, with an exit set below the MYR12.12 threshold. Towards the upside, the near-term resistance is at MYR13.80. This is followed by the MYR14.40 level.

Source: RHB Securities Research - 20 Jun 2019

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