Tenaga may resume its uptrend after rebounding last Friday. A position can be initiated above RM6.70, with a close below last week’s low of RM6.60 as a stop-loss. The price target is RM7.60, with selling expected at 2011’s high of RM7.20. Failure to stay above RM6.70 could see the stock lower. Supports are expected at RM6.40 and RM6.20.
Source: OSK
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