Buy Call tenaga

Observation
1) Trend -Bearish
2) HH - Lower high at 6.23 (Bearish)
3) MACD - Bearish and waiting for 4R1G for Bullish Reversal
4) RSI - At 9.9% super discount rate.. Waiting for 30% breakout for Bullish Reversal
5) ADX - Momentum Strong and Bearish

Conclusion
This counter has drop about 18.3% since from the peak at 7.27 and today it is showing some sign of recovery.

Entry Price - 6.2
Stop Loss - 5.85
Take Profit - 6.66 (R1) , 6.89 (R2) and 7.27 (R3)

Where is the electricity Power? Tenaga

 
   This Bulb is frantically looking for power source but it seem that Power is dropping

Observation
1) Trendline - Downtrend (Bearish)
2) HH - Formed Lower high at 6.23 and going down(Bearish)
3) MACD - Bearish
4) RSI - Bearish
5) ADX - High Momentum and Bearish ( High Speed Free Fall!!)

Conclusion
Let wait for the rebound at 5.6 (S1) and if break lower it will be the second support at 5.24 (S2)

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..

Observation
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

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

Tenaga

Dear t12perry
Pertaining on your request on Tenaga

Referring to the chart which says everything. This is going down sadly

All indicators are showing downtrend.
S1 - 6.48
S2 - 6.41
S3 - 6.24

We should hold from buying into this counter until we can see a reversal with higher high and higher low theory