AmInvest Research Reports

Author: AmInvest   |   Latest post: Mon, 30 Nov 2020, 4:51 PM


Stocks-on-Radar- Tenaga Nasional (5347)

Author:   |    Publish date:

Tenaga Nasional pulled back, touching its low at RM9.80. With its RSI indicator falling into the oversold region, coupled with sustainable trading volume, we see there is a bargain-hunting opportunity with a possible technical rebound. If this happens, we expect it to move towards the short-term target prices of RM10.10 and RM10.40. The downside support is projected at RM9.50. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM9.80

Target: RM10.10, RM10.40 (time frame: 2-4 weeks)

Exit: RM9.50

Source: AmInvest Research - 30 Oct 2020

Share this
Labels: TENAGA

Related Stocks

Chart Stock Name Last Change Volume 
TENAGA 10.08 -0.64 (5.97%) 18,899,500 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program

558  569  568  475 

Top 10 Active Counters
 AT 0.200.00 
 YTL 0.645-0.005 
 SAPNRG 0.1150.00 
 KANGER 0.18-0.005 
 HIAPTEK 0.28+0.025 
 TDM 0.305+0.04 
 VIVOCOM 1.14+0.13 
 HIAPTEK-WB 0.065+0.02 
 FOCUS 0.67+0.015 
 BINTAI 0.82+0.025 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!