This is a brief update on TENAGA ... for those interested or holding to her ...
Tenaga : broken the uptrend-support shown here ... and see all the arrows showing resistance-support tested levels ... RM14 broken means we shall see more downside
1. Data Center Theme play --- over since I said that 1-2 months ago.
2. Broken uptrend support -- start of downtrend. Avoid.
I shall wait for Tenaga to be oversold and consider around RM13 ..perhaps. But there are SO MANY other better opportunities than Tenaga which in my mind ... as I m focusing into PLANTATION at the moment.
https://cpteh23.blogspot.com/2024/10/sector-watch-plantation.html
So ... u see what I said : I talk to my charts, I do not care if they raise any target prices, noises over the media ... just FOCUS in charts and with my 15 years of intense market experiences, I can spot weaknesses or strength easier ... I know what to check on etc ...I do not have opinions ...I have charts, talking to me ... and it is telling me : TENAGA is a SELL at current. Period.
example : I said CPO above RM4k ... go to PLANTATION stocks ... sound simple, look simple but not many could understand such logic, ya.
WHY?
Because we are HUMANS ... we are biased-being. haha.
Will write about plantation stocks later ...perhaps. I just managed to take profits on INNO RM1.72 yesterday for few hundreds bucks. haha.
Ok ... lunch time.
TEH
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