Thursday 4 October 2012

Daily Trading Stocks- Tenaga Nasional Bhd


TNB’s rebound may continue if the stock closes above the 1½-year resistance of RM7.00 . A position can be initiated if it happens, with a close below yesterday’s low of RM5.85 as a stop-loss. The price targets are prior highs of RM7.30 and RM7.50. Failure to break higher should extend the sideways move, with strong support expected at RM6.50.
Source: OSK

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