KLSE and Tenaga display symmetry in trend structure
If KLSE Bursa has a positive outlook for Q4 and 2025, can we expect Tenaga to see its best prospects ever?"
TNABF trade ideas
KLSE and Tenaga display symmetry in trend structure
If KLSE Bursa has a positive outlook for Q4 and 2025, can we expect Tenaga to see its best prospects ever?
If Tenaga could be supported at range of 13.50-13.70
The next support see at 12.70 and 12.00-12.20 respectively
Any bottom catch signal appear in the indicator RSI shall be an entry point in the mid term
Could u imagine Tenaga will fly for different target price soon
Mid term target 16, 16.90
It is the second attempt broke 15.00 since Sept 2024
Based on Fibonacci channel, the target price shown at the side indicate the different short to long term target price
MACD indicate bullish sign with gold cross after recent retracement
Bullish future for Tenaga with development of AI centre
Based on the top down measurement of the history price to its last bottom, Tenaga target at 16.00 for exit mid term position. This was the history price achieved In March 2018. With RSI looking overbought in monthly chart, the retracement is necessary before the next move.
With the strong demand from the AI centre development in Malaysia, the long term good prospect is expecting for Tenaga.
Based on wave calculation of up trend Elliot wave, after mid term correction, the new target price will see projected at 19.00 with 1.618 Fibonacci measurement.
Looking back at the history chart patterns of 70 (40 +30) months plus additional 5 months correction period, are we looking forward that this history pattern might be seen for Tenaga in next 2 years to come?
The news about further acquisition of UK based renewable energy firms looks like the prospect of Tenaga is quite promising
theedgemalaysia.com
