Chart: Tenaga's weekly chart as at January 14 (courtesy of Quickcharts)
Another way of playing Tenaga's potential upside move is to buy either Tenaga-CG or Tenaga-CH, but avoid Tenaga-CF. See the table below for main terms & valuation.
Tuesday, January 15, 2008
Tenaga broke above its strong horizontal resistance of RM10.00
Tenaga has finally broken to the upside of its strong horizontal resistance of RM10.00 (as well as the immediate horizontal resistance of RM10.20). If this breakout can sustain, the stock may test its medium-term downtrend line at RM10.90. The RM10.90-11.00 level is also a strong horizontal resistance level.
Chart: Tenaga's weekly chart as at January 14 (courtesy of Quickcharts)
Another way of playing Tenaga's potential upside move is to buy either Tenaga-CG or Tenaga-CH, but avoid Tenaga-CF. See the table below for main terms & valuation.
Chart: Tenaga's weekly chart as at January 14 (courtesy of Quickcharts)
Another way of playing Tenaga's potential upside move is to buy either Tenaga-CG or Tenaga-CH, but avoid Tenaga-CF. See the table below for main terms & valuation.
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1 comment:
Alex, the Hang Seng Index is currently on a immediate term down trend and could possibly break it's support at about 26K level. Should this happen, it will have negative implications on Bursa.
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