Tenaga Nasional 2 November 2007
Sunday, November 4, 2007
Tenaga Nasional Quarterly Chart
Have you seen this kind of chart tool before? Adrew's Pitch Fork. That's it. I am using the Adrew's Pitch Fork Trend Lines for this case study. Price normally play around the median trendline. Stock price will touch the upper and lower trendline and back to median trendline. When the lower trendline broken, meaning that sell short valid signal triggered. But our market do not allow short sell. This stock price at the moment around RM9.00 at the previous support. Will Tenaga stock price survive at this time? Any comments?
2 comments:
they will...well...kinda
Technically i think the stock will go down since it already reach the bottom line.. But of course TNB is protected.. who knows..
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