<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 6): AllianceDBS Research said support for Tenaga Nasional Bhd was seen at RM13.94 and explained that Tenaga had on May 5 traded lower to a low of RM13.96 before rebounding to close near the day’s high at RM14.28 (down 8 sen or 0.55%).</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition yesterday, the research house said Tenaga continued to trade below the 20-day and 50-day moving average lines in the last 3 days.</p></div>

<div class=newsTextDataWrapInner><p>It said that following the down close on May 5, the stock was likely to test a lower level again with immediate support at RM13.94.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A fall below RM13.94 should see further price decline to the subsequent support zone of RM13.20 - RM13.60.</p></div>

<div class=newsTextDataWrapInner><p>“The overhead resistance is at RM14.50. A rise above RM14.50 would lift the stock to the next resistance zone of RM14.80 – RM15.00,” it said.</p></div>

<div class=newsTextDataWrapInner><p>The research house said stock volume traded on May 5 was 14.7 million shares compared to the 3-month average volume of 13.2 million shares.</p></div>

<div class=newsTextDataWrapInner><p>The research house said that indicator wise, the MACD was below the 9-day moving average line.</p></div>


KUALA LUMPUR (May 6): AllianceDBS Research said support for Tenaga Nasional Bhd was seen at RM13.94 and explained that Tenaga had on May 5 traded lower to a low of RM13.96 before rebounding to close near the day’s high at RM14.28 (down 8 sen or 0.55%).

In its evening edition yesterday, ...

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