Thursday, 1 Dec 2011. TENAGA – Stock Pick

TENAGA ( 5347 : 5.65 ) : Targeting 5.84
Description
Resistance : 5.74 5.84
Support : 5.39
RSI of 48
RSI has started to recover
STOCHASTIC
It is oversold
TREND INDICATOR
Down
Comment
The recent correction has bottomed at the Double bottom of 5.34, indicating a rebound to 5.74, and possibly
5.84
Trading Strategy
Buy. Stop loss is at 5.39