RHB Retail Research

Trading Stocks - Tenaga Nasional

rhboskres
Publish date: Fri, 11 Sep 2020, 11:47 AM
rhboskres
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RHB Retail Research

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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