based on TA, divergence is very strong indicator for market price to rocket up.
Target tp 14.00.. tenaga are making 3rd wave after completing diagonal for so long.
Detail @ The Chart
Bluechip Breakout on Downtrend Line EP 1: 10.90-11.10 EP 2: above 11.50, Top up on Breakout MA200 TP 1: 12.50 TP 2: 12.98 Cut Loss: Below 10.70 - 10.80
Next support is 11.090. Will the smart money willing to push the price next week?
1. Good rebound to collect for long term 2. Target to reach 12.5 - 14 in 3 months 3. Risk taker can consider CW C83 C85
MYX:TENAGA coming to resistance 11.5 with a support of 10.82. It is almost a V shape rebound. Would it be strong enough to breakout and test 12.46
Price previously touched Fibo level at 4.236 indicated buy is over, and no buy breakout to buy at current level. Blue chip is good, however current level might get you stuck in red.
Buying zone between 8.730 and 9.030 . Find the confirmation in lower timeframe before entry.
Detail @ The Chart
Hi, The price had been in a downtrend for quite some time, and now hovering near the major support line A We saw a wide spread down bar with high volume at 1, then price went side ways. Bar 2 was another down bar with ultra high volume, but yet price did not go down any further. Therefore probably smart money has bought at this level, and accumulating this...
support 11.26 last support 10.88 last last support 10.24. last last last support 9.965 last last last last support 9.135
TENAGA NASIONAL BHD MYX - Watch for buying opportunity