TENAGA (5347) - Tenaga: Thanks for the lift!
Tenaga went up 38 sen to RM14.20 yesterday, and helped to keep FBMKLCI o close at 1791. Tenaga rose on little to no news, and that is not likely to inspire follow-thru buying today.
Chart 1: Tenaga's daily chart as at jun 6, 2017 9Source: Shareinvestor.com)
If you look at yesterday trading for Tenaga and the underlying CWs, you will see that the transactions were concentrated on the stock and one of the CWs, Tenaga-C35.
Table: Tenaga & its CWs transactions on Jun 6, 2017 (Source: Kenanga BTX)
If there is no news on Tenaga today that can justify the sharp spike yesterday, Tenaga and Tenaga-C35 are likely to tumble down today. You should avoid these 2 securities.
Chart 2: Tenaga-C35's daily chart as at jun 6, 2017 (Source: Shareinvestor.com)
TENAGA (5347) - Tenaga: Thanks for the lift!
http://nexttrade.blogspot.my/2017/06/tenaga-thanks-for-lift.html
