Bought Tenaga at RM7.25, not sure this is a right move. I am not a TA guy but i do refer to chart once in a while, to interpret Tenaga's chart now is definitely on the oversold position. This stock plunged to 7.20 from 8.50, is almost 1.30 drop since Monday, there maybe more down side looking at the uncertainty right now. With gross dividend of 5%, PE=7.64 and EPS=94 at current price looks very attractive to me and very near to 4 years support line at around RM6.80. These are the factors draw my interest to Tenaga but this purchase is right or wrong only time will time, judge yourself and execute it with your wisdom. In share trading definitely there is risk involved, one should calculate the risk over reward ratio then you will see the picture clearer, no definite or sure bid of up or down for any counter. Anything will happen, for now Tenaga is under tremendous selling force and may drift lower.........As usual, i must state that the above do not recommend a buy or sell call from me, your execution is of course totally at your own responsibility.
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