Bullish future for Tenaga with development of AI centre
https://www.tradingview.com/x/SQybwYip/
Based on the top down measurement of the history price to its last bottom, Tenaga target at 16.00 for exit mid term position. This was the history price achieved In March 2018. With RSI looking overbought in monthly chart, the retracement is necessary before the next move.
With the strong demand from the AI centre development in Malaysia, the long term good prospect is expecting for Tenaga.
Based on wave calculation of up trend Elliot wave, after mid term correction, the new target price will see projected at 19.00 with 1.618 Fibonacci measurement.
Looking back at the history chart patterns of 70 (40 +30) months plus additional 5 months correction period, are we looking forward that this history pattern might be seen for Tenaga in next 2 years to come?
The news about further acquisition of UK based renewable energy firms looks like the prospect of Tenaga is quite promising
theedgemalaysia.com/article/tenaga-completes-acquisition-ukbased-renewable-energy-firms.
Based on the top down measurement of the history price to its last bottom, Tenaga target at 16.00 for exit mid term position. This was the history price achieved In March 2018. With RSI looking overbought in monthly chart, the retracement is necessary before the next move.
With the strong demand from the AI centre development in Malaysia, the long term good prospect is expecting for Tenaga.
Based on wave calculation of up trend Elliot wave, after mid term correction, the new target price will see projected at 19.00 with 1.618 Fibonacci measurement.
Looking back at the history chart patterns of 70 (40 +30) months plus additional 5 months correction period, are we looking forward that this history pattern might be seen for Tenaga in next 2 years to come?
The news about further acquisition of UK based renewable energy firms looks like the prospect of Tenaga is quite promising
theedgemalaysia.com/article/tenaga-completes-acquisition-ukbased-renewable-energy-firms.
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