Tenaga. Malaysian. Grab electrical bill >32.97% discount!TNB, Tenaga with its cycle now trending down till year end its share price probably could down till 9.80 +/-. which is the POC of volume Profile and parallel trendline support and demand zone.
TENAGA trade ideas
TENAGA, AlgoSignal reveals potential uptrendSeveral indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors collectively point towards the possibility of an upward movement in the near future
Tenaga. Possible forming a “long term” triangle. 9/March/23. Tenaga. Long near Demand Zone @ 8.300 +/-, TP @ 11.380 +/-. a potential of 37.11% +/- growth.
Tenaga. Probably “bottomed” few months ago. 30/Dec/22Tenaga, as “main contributor” of KLCI Index probably “bottomed” so as KLCI. It’s wave a (green) of triangle already done few months ago and now “halfway” trending up to wave b (green) of triangle where 11.500 +/- is possible its wave location..
Tenaga. How “low” it could “go”? 11/Oct/22Tenaga. “Monopolized” electricity ..its price probably may only found its “base” at within RM7.250 ( Demand Zone + lower channel of pitchfork ) and RM 6.839 ( POC of volume Profile)..
Tenaga elliotwave updated 17/ August /22Tenaga most likely will resuming its downtrend toward around RM7.50 as price have completed a strong pullback toward monthly supply / base bar.
Tenaga. Is it “bottom”? 23/July/22.Tenaga while investors can earn average 6% dividend per annum + PLUS possible > 100% profit gain from stock price in long term...probably only “bottom” by years end of 2022 @ around RM7.50 on median line (dashed red) of parallel channel.
TENAGA I WILL WAIT IN AREA RM7.10-7.7This is my prediction for TENAGA . 100% wrong is in hand and if it goes right then its only coincidence. Possible places to monitor is @Fib 0.786- soon then it will rebound from there to make Impulsive wave 12345
Tenaga. Trading it with volume profile. 5/July/22.Tenaga. . It is “obviously” shown that . There are getting “lesser” “Volume trading activities” on the bottom of the “P” shape “near zero”...Possible lesser seller “give-up” at “current price” for “dominated / bargained buyer”..
Down for now, Buy again at a discounted PriceMy view on TENAGA, price will be floating around $7 to $5.8 ish, looking for "big shark" purchase power around that area before it continues to go up. Fyi, TENAGA is one of my choice in term of 'dividend growth' investment. I will be looking to buy when I see weaker bearish. -FIN
Tenaga still waiting @ 8.50-8.30. 11/May/22Tenaga price still waiting to complete building its long term “base” at around RM8.50 RM8.30 where is the “multi” confluence zone for price landing to build a “concrete base”..
FIB PRICE CLUSTERS : potential support shown and testedP 1.0 : 9.10 A
E 1.618 : 9.35 B
E 1.618 : 9.33 B
E 1.272 : 8.94 A
P 1.0 : 9.08 A
Two clusters (A and B) based on multiple fib relationships, methodology based on Carolyn Borden.
may long and hold for tenaga.just break out, buy at this right time to enjoy a new trend. it already out from down trend. tq.
TENAGA Analysis(MARCH 2022)(Daily timeframe analysis)
-My expectation the current price will retest around Supply zone at 9.020 and 9.115
-The swap zone will become a strong supply zone
-The breakout area at 9.000 is a sign for another upcoming Bear run
-Theres a lot of price action at 9.000 support area when lowering timeframe
-Compression appeared at current price,BOOM we have another price action
-Based on my experience,usually after breakout + compression there would be a big drop after the price approach the supply zone
My conclusion:-
Wait for the price to approach at the demand zone around 8.520 and 8.455 first then wait for another price action. What price action need to look at? just wait for a price rejection when the price approach at demand zone.It will be a good sign if the price do a rejection.After that maybe the price will going up till the Swap zone area around 9.545 and 9.670.
Okay thats all,Thank you for willing to read my idea. Its just my 2 cents btw.
(I am not a financial advisor, Im here because i love to share my analysis)
''Ohh btw,Sorry my english is bad. I hope my english will be better soon! HAHAHA''
Have a nice day everyone!
Tenaga Price may drop till around RM8.50. 13/Jan/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Tenaga has turning position signal in daily timeframeThis consider short term Trade, using daily timeframe
If, Market price breakout RM 9.xx
Then, High possible price will boost up to at least RM 9.8x
More info will guide in class.
Are you ready traders
Future swing positionPossible reversal of previous resistance level into support, previous chart pattern indicated that it's a likely a strong level.
Safer option is to wait for trend reversal.
TNB Malaysia StocksBuy at price 9.740 due to new high created. Hence wait for pullback at price level 9.740 to buy TNB stock’s.
TENAGAGOODLUCK TRADERS
TRADE AT YOUR OWN RISK
buy at the support will be recommended!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
TENAGAIs TENAGA now in phase C of Wyckoff Basic Accumulation Structure #2 or there will be spring soon?
Let's wait and see.
TENAGA ≈9.30 is "critical" support. 7/Oct/21Tenaga price still at bearish triangle AND price waiting for it ( bearish triangle) to be broken and moving price lower toward around RM9.30.
TENAGA Currently in a wedge formation. Wait for the breakout. Target price is at Resistance level 1/2/3.
TENAGA maybe forming a triple zigzag (X)(Y)(X)(Z)(Cyan). 5/9/21TENAGA stock price possible forming a trip zigzag wave pattern (W)(X)(Y)(X)(Z) ( Cyan/ Light Blue).
