TENAGA - Pullback Trade?
TENAGA Weekly Chart 29 Jul 09
TENAGA Daily Chart 29 Jul 09Weekly chart showed TENAGA is in an uptrend and daily chart showed TENAGA is setting up for a pullback swing trade. A buy signal would be given out if the last 3 days high at RM8.15 is taken out. The target are RM8.55 and RM9.10 and possibly RM10.10.
The stop-loss should be below the swing low at RM7.95 but not exceeding 6% of your entry price.
Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and information presented in this blog.
TENAGA has been consolidating between RM7.95 and RM8.20 until Sep 8, 2009 when it started to trade above RM8.20.
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