RHB Retail Research
Trading Stocks - Tenaga Nasional
Tenaga Nasional has likely completed its multi-week bottom building process as it crossed above the 21-day SMA line in the latest session, while volume has been improving over the recent sessions. A positive bias may emerge above MYR11.25 with resistance points pegged at MYR11.90 and MYR12.10. A downside breach of MYR11.25 would invalidate this positive expectation.
Source: RHB Securities Research - 11 Sept 2020
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