TENAGA - What to expect?Major trend: Uptrend
Minor trend: Correction (sideways)
What do I see?
1- Suspect wave IV completion with WXY waves.
2- Suspect wave Y finishes with an ending diagonal.
My prediction:
If the price can close above RM13.50 and not drop below RM13.00, the next destination is RM16.30.
Disclaimer:This is only a view for TENAGA using EW TA. This is not a recommendation to trade or invest. Do your own TA & FA.
52wkhFollow the trading plan that I've done
it is now on a 52week high it may pullback or gain more depends on the market
K
PREDICT BOX TRADING SET UP - PVA - PRICE DIRECTIONPredict
price will break zone /R / box with volume
will test Resistance / TP TARGET
duration monitoring - 2 to 4 weeks
K
SKBSHUT ON MARKING UPThis would probably a Type 2 # Schematic of Re-Accmulation
with on going phase D completion
My point of interest is inside the yellow box :
-Huge Bar (or candlestick) @ 28/8/25 with influx vol, signifying that underlying fundamentals might be changing as it attracted big demand
-Huge Bar, without subsequent feather's weight (or contraction), is a hazardous type of behaviour, that warrant me to monitor the subsequent event.
-This hazardous behaviour is what wyckoffian termed as 'Time-Compression'
Bar @ 19/9 & 22/9 formed a nice SpringBoard
-Hence position intiated today with the Trigger Bar on-board
PureWyckoff
NE - Looking for strong bullish continuationN wave with N, NT & V projection.
Cup & Handle pattern.
The pattern strongly resembles a "Cup and Handle" formation, supported by an N wave structure with Ichimoku alignment.
Cup and Handle Pattern
Cup Shape: Smooth U-curve from Nov 2024 to Jul 2025.
Handle: A short pullback forming higher lows between late July and early August.
Breakout Area: 0.740 is the rim resistance — breakout above this will confirm the Cup & Handle.
- Valid Cup & Handle characteristics:
Rounded bottom (accumulation phase).
Handle with light pullback and low volume.
Breakout attempt with increasing volume (watch confirmation).
Price is well above the Kumo: Clear bullish trend.
- Tenkan-sen > Kijun-sen: Short-term momentum is bullish.
V as immediate resistance at 0.715. If price stay above this level, confirming the bullish continuation.
Entry (Breakout Buy) 0.740 (above resistance/handle)
Aggressive Entry 0.660–0.675 (on handle support bounce)
Stop Loss 0.620 (below handle and Tenkan/Kijun)
TP1 (V) 0.715
TP2 (NT) 0.770
TP3 (N) 0.815
- Chikou Span is above the cloud and price: Confirming trend support.
- Kumo Future is Bullish: Strong foundation for continuation.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
Tan Cheong Motor – Breaking out of the major downtrend line
Tan Cheong Motor is likely cementing its bullish reversal at the bottom and is likely to see a strong reversion to the upside. Especially it has broken out of the major downtrend line which started in 2013. Furthermore, the stock has seen buying pressure above the block of support between 0.460-0.625 and has broken out of the immediate overhead resistance (24 Jul -19 Sep 25).
Momentum is strong as modified mid-term Stochastic Oscillator is showing an oversold crossover. 23-period ROC is rising and has turned positive. Volume is expanding steadily, indicating strong bullish pressure. Ichimoku shows a strong two out of three bullish crossover.
Target is at 1.25.
Key major support is at 0.620 and 0.670.






















