TM, Tenaga & Maybank: These elephants are charging up!

Shortly after the opening of the afternoon session, the top 3 blue chips i.e. TM, Tenaga & Maybank have charged up. In the morning session, TM has already broken above its recent high of RM9.60. At 2.45 p.m., Maybank is at RM11.60 and Tenaga is at RM11.10; both are above their recent highs of RM11.50 & RM11.00, respectively. With the three top blue chips breaking out simultaneously, the market can only go up. The correction that I've spoken about earlier, will have to wait.


Chart 1: Maybank's daily chart as at Nov 29


Chart 2: TM's daily chart as at Nov 29


Chart 3: Tenaga's daily chart as at Nov 29