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
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. 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
KLCI “Finally” reached 1490. 10/June/22KLCI Finally break below 1500 and reached 1490 as last wave e or last leg of bullish triangle as previous ideas. But “maybe” still having some “space” for downside until around 1480? As its “big brother” composed “stock” which is Tenaga still waits to break RM8.570 before “bottoming”?..
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”..
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
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 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).
TENAGA. Do u think it's possible to drop till ≈RM7.00? 21/6/21Tenaga. It seem like Tenaga is forming a triangle pattern on wave 4 (yellow)..Price Could reach at around Rm7.00 on around late August/ Early Sept..AND completing its expanding ending diagonal pattern
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.
TNB Support & Resistance ChartPersonally, 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!
Tenaga making 3rd wave after so long downtrendTarget tp 14.00.. tenaga are making 3rd wave after completing diagonal for so long.
TENAGA NASIONAL BHD MYX - Watch for buying opportunity TENAGA NASIONAL BHD MYX - Watch for buying opportunity
