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TENAGA NASIONAL BHDTENAGA NASIONAL BHDTENAGA NASIONAL BHD

TENAGA NASIONAL BHD

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TENAGA trade ideas

TNB Entry 1st Batch @9.86 , & 2nd Batch Entry @9.58Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks. 1. Draw Support & Resistance 2. Identify the stages (Accumulation, Advancing, Distribution, Declining) 3. Entry Triggers 4. Stop Loss 5. Exits I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices! Personally, if you follow my last post on TNB, u should have collected around 9.86 the Support Line, if u don't and wish to buy TNB, can consider entry 1st Batch, as looks like is bottom out already. Good Risks to Reward for Long-term Hold
MYX:TENAGALong
by LMTAN
Tenaga - No catalystMarket Structure 1. Price moving in the downtrend channel . Currently being supported at 9.97, being tested 3 times with higher RSI . Possible technical rebound towards the top of the downtrend channel 2. Moving averages still showing downtrend, with steep slope for the WMA200, and HMA50 with no sign of reversal yet. 3. Extending the UHV in Jun 2021, can see resistance at 11.25 which may indicates possible rebound level. 4. VOP - POC is way at around RM15.50. Not significant evaluation at the moment. Area of Value 1. Resistant at 11.25 based on UHV 2. Upper level of the Downtrend channel 3. Support at 9.50. Break below will see continuation of downward movement towards 7.50. Trigger 1. No trigger on PA. Fundamental 1. Finbox valuation as of 26 May 2021 at 12.77 2. 5Y & 10Y DCF valuation ranges between 13.80 to 16.92 3. PE multiples at 12.45 4. Dividend model 7.38 Conclusion (26/5/21) My opinion is to put more weightage on TA for Tenaga at this moment, as i do not see any catalyst in term of business that may serve as growth engine for Tenaga.
MYX:TENAGA
by anip78
TNB monitor for Long-term Dividend Yield Position Technical Analysis Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks. 1. Draw Support & Resistance 2. Identify the stages (Accumulation, Advancing, Distribution, Declining) 3. Entry Triggers 4. Stop Loss 5. Exits TNB currently is at Declining Stage, Downtrend. Monitor currently until signs of trend-reversal. I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
MYX:TENAGA
by LMTAN
BearishTENAGA has been trading below 200 days Moving Average since Oct 2018 and continued its downside movement below a downtrend line from Nov 2019. The share has recently recovered an oversold condition in late Oct 2020 by a strong bullish move, however failed to close above resistance R1 at 11.50. Hence, this upbeat momentum could not introduce any change into existing trend. Recently this week, the price has breached a valid uptrend line preceded by formation of two Bearish Engulfing candles below the resistance level. Hence, the price could drop lower to the nearest support level at 9.50. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
MYX:TENAGAShort
by ellynacci