TENAGA (5347) - Technical Outlook

 

 

TENAGA- Technical Buy

Reason:

1) Volume spike at drop recently, indicates selling , but the huge selling is being absorbed afterwards

2) Notice the pattern of push down , collect and push up again for the past 3 months.

3) Waiting to doing a huge breakout from multiple trendlines.

 

EP: 11.88< any price

TP1: 12.4

TP2: 13

 

TENAGA-C74- Technical Buy

Reason:

1) Follow mother share price movements with 25% premium , ex-price of 13.5 , ratio of 11

EP: any price below 0.110

TP: take profit once mother share hits 13.

 

Just a simple analysis without all those indicators and osciallators, my style is all about volume and price action , simple , yet effective. Feel free to comment below and have a nice trading day !

https://klse.i3investor.com/blogs/technical_hunt/2020-06-22-story-h1508909022-TENAGA_Technical_Outlook.jsp