Based on this upside breakout, Tenaga has a bullish outlook.
Chart 1: Tenaga's weekly chart as at Oct 4, 2012_3.00pm (Source: Tradesignum)
Chart 2: Tenaga's monthly chart as at Oct 4, 2012_3.00pm (Source: Tradesignum)
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Tenaga.
4 comments:
Hi Alex ,
Can you comment on ASAS technical outlook ?
Tx!
Hi luckystock2
ASAS has good support at RM1.50. I believe it is likely to correct back to that level after its strong rally to RM1.90 recently. Such illiquid stocks need a long correction/consolidation before the next rally.
http://www.theedgemalaysia.com/business-news/222507-tnb-awarded-rm3b-power-plant-job-in-prai-.html
it seems certain parties knew about the deal ahead of the pack
Hi Heineken Pilsener
That shouldn't surprise us!
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