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Wednesday, June 07, 2017

Tenaga: Thanks for the lift!

Tenaga went up 38 sen to RM14.20 yesterday, and helped to keep FBMKLCI o close at 1791. Tenaga rose on little to no news, and that is not likely to inspire follow-thru buying today.


Chart 1: Tenaga's daily chart as at jun 6, 2017 9Source: Shareinvestor.com)

If you look at yesterday trading for Tenaga and the underlying CWs, you will see that the transactions were concentrated on the stock and one of the CWs, Tenaga-C35.


Table: Tenaga & its CWs transactions on Jun 6, 2017 (Source: Kenanga BTX)

If there is no news on Tenaga today that can justify the sharp spike yesterday, Tenaga and Tenaga-C35 are likely to tumble down today. You should avoid these 2 securities.


Chart 2: Tenaga-C35's daily chart as at jun 6, 2017 (Source: Shareinvestor.com)

1 comment:

Concerned said...

Hi, Alex
As written
If there is no news on Tenaga today that can justify the sharp spike yesterday, Tenaga and Tenaga-C35 are likely to tumble down today. You should avoid these 2 securities.

Is link as follows considered good news for tenaga?
https://klse.i3investor.com/blogs/sin_chew_hot_stocks/124850.jsp