TENAGA (RM8.00)Tenaga Nasional Bhd has yet to turn bullish. However, it may soon turn bullish if it can break its recent May high of RM8.15 which lies very nearby the current level.
With volume picking up in the last few days and with TENAGA trading above its short term, mid term and long term MAV lines, it is likely that TENAGA will break above the 8.15 level and venture higher towards 8.50 in the near term.
Traders may want to consider TENAGA-CL (RM0.17) call warrant as a short term trade to ride the potential rally of its mother share. 
TENAGA-CL is currently trading at a 6.8% premium and expires in 17th September 2010 (427 days till expiry).
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