Tenaga Expects Better Results With Strong Ringgit

Saturday, October 2, 2010

Tenaga Weekly Chart 2 October 2010

Tenaga strong supported by:
  • Better coal price and very stable at this moment
  • Strong ringgit gave better currency exchange
  • Hoping for the tax incentives or relief in initiative to bring green technology
From the chart, we still can see that Tenaga still in uptrend mode. MACD and RSI-14 still good. Volume should not be a problem. Most of the broker target for this counter is around RM10.00.

The latest news is Tenaga will issue bonus 4 to 1 which the price will be cheaper than the current price. I believe that in longterm Tenaga price will be better. Happy investinggg!


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To learn better Bursa Malaysia Stock Market & build up My Portfolio.

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