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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TENAGACreated by rhboskres | Aug 26, 2024