Tenaga. Long near Demand Zone @ 8.300 +/-, TP @ 11.380 +/-. a potential of 37.11% +/- growth.
Tenaga, as “main contributor” of KLCI Index probably “bottomed” so as KLCI. It’s wave a (green) of triangle already done few months ago and now “halfway” trending up to wave b (green) of triangle where 11.500 +/- is possible its wave location..
Tenaga. “Monopolized” electricity ..its price probably may only found its “base” at within RM7.250 ( Demand Zone + lower channel of pitchfork ) and RM 6.839 ( POC of volume Profile)..
Tenaga most likely will resuming its downtrend toward around RM7.50 as price have completed a strong pullback toward monthly supply / base bar.
Tenaga while investors can earn average 6% dividend per annum + PLUS possible > 100% profit gain from stock price in long term...probably only “bottom” by years end of 2022 @ around RM7.50 on median line (dashed red) of parallel channel.
Tenaga. . It is “obviously” shown that . There are getting “lesser” “Volume trading activities” on the bottom of the “P” shape “near zero”...Possible lesser seller “give-up” at “current price” for “dominated / bargained buyer”..
My view on TENAGA, price will be floating around $7 to $5.8 ish, looking for "big shark" purchase power around that area before it continues to go up. Fyi, TENAGA is one of my choice in term of 'dividend growth' investment. I will be looking to buy when I see weaker bearish. -FIN
KLCI Finally break below 1500 and reached 1490 as last wave e or last leg of bullish triangle as previous ideas. But “maybe” still having some “space” for downside until around 1480? As its “big brother” composed “stock” which is Tenaga still waits to break RM8.570 before “bottoming”?..
Tenaga price still waiting to complete building its long term “base” at around RM8.50 RM8.30 where is the “multi” confluence zone for price landing to build a “concrete base”..
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
This consider short term Trade, using daily timeframe If, Market price breakout RM 9.xx Then, High possible price will boost up to at least RM 9.8x More info will guide in class. Are you ready traders
Tenaga price still at bearish triangle AND price waiting for it ( bearish triangle) to be broken and moving price lower toward around RM9.30.
TENAGA stock price possible forming a trip zigzag wave pattern (W)(X)(Y)(X)(Z) ( Cyan/ Light Blue).
Tenaga. It seem like Tenaga is forming a triangle pattern on wave 4 (yellow)..Price Could reach at around Rm7.00 on around late August/ Early Sept..AND completing its expanding ending diagonal pattern
Market Structure 1. Price moving in the downtrend channel . Currently being supported at 9.97, being tested 3 times with higher RSI . Possible technical rebound towards the top of the downtrend channel 2. Moving averages still showing downtrend, with steep slope for the WMA200, and HMA50 with no sign of reversal yet. 3. Extending the UHV in Jun 2021, can see...
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks. 1. Draw Support & Resistance 2. Identify the stages (Accumulation, Advancing, Distribution, Declining) 3. Entry Triggers 4. Stop Loss 5. Exits I have learnt during my past mistakes that we should let the stock price comes to...
Target tp 14.00.. tenaga are making 3rd wave after completing diagonal for so long.