Several indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors...
Tenaga, 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. “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 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.
This is my prediction for TENAGA . 100% wrong is in hand and if it goes right then its only coincidence. Possible places to monitor is @Fib 0.786- soon then it will rebound from there to make Impulsive wave 12345
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”..
My 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
Tenaga 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”..
P 1.0 : 9.10 A
E 1.618 : 9.35 B
E 1.618 : 9.33 B
E 1.272 : 8.94 A
P 1.0 : 9.08 A
Two clusters (A and B) based on multiple fib relationships, methodology based on Carolyn Borden.
(Daily timeframe analysis)
-My expectation the current price will retest around Supply zone at 9.020 and 9.115
-The swap zone will become a strong supply zone
-The breakout area at 9.000 is a sign for another upcoming Bear run
-Theres a lot of price action at 9.000 support area when lowering timeframe
-Compression appeared at current price,BOOM we have another...
1)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...
This 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
Possible reversal of previous resistance level into support, previous chart pattern indicated that it's a likely a strong level.
Safer option is to wait for trend reversal.
GOODLUCK TRADERS
TRADE AT YOUR OWN RISK
buy at the support will be recommended!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
