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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 18 Oct 2019, 5:53 PM

 

Stocks On Radar - Axiata Group (6888)

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Axiata Group crossed above the RM3.63 mark and the 21-day SMA line in its latest session. With a neutral RSI level, a bullish bias may be present above this point with a target price of RM4.00. Meanwhile, it may turn sideways if it fails to breach the RM3.63 mark in the near term. In this case, support is anticipated at RM3.40 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further uptrend above RM3.63

Target: RM4.00 (time frame: 3-6 weeks)

Exit: RM3.40

Source: AmInvest Research - 29 Nov 2018

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Labels: AXIATA

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Chart Stock Name Last Change Volume 
AXIATA 4.22 -0.05 (1.17%) 1,355,800 

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