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Tuesday, February 1, 2011

Tenaga = No Power ?

What happen to our blue chip counter Tenaga. It seems like this counter has no more power to sustain and it is bleeding profusely..

1) Broke the support line at 6.26 and going free fall

2) MACD - Bearish and longer red bar (Sky Diving Bear - bet you have not seen a bear sky diving haha)

3) RSI - Wow super oversold at 9.9% ( This is called super bear)
4) ADX - Momentum going up higher - Bigger free Falling - Danger Danger

Wait for next step at the support at 6.02(S1) and 5.6 (S2). Wait for super bargain

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