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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 27 Nov 2020, 10:59 AM

 

Stocks on Radar - Axiata Group (6888)

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Axiata Group is moving sideways and poised to test the RM2.76 resistance level. With its RSI pointing upwards, coupled with sustainable trading volume, we see a possibility for a technical rebound. If this happens, we expect it to move towards the short-term target prices of RM2.86 and RM2.90. The downside support is projected at RM2.66. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.76

Target: RM2.86, RM2.90 (time frame: 2-4 weeks)

Exit: RM2.66

Source: AmInvest Research - 23 Oct 2020

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Labels: AXIATA

Related Stocks

Chart Stock Name Last Change Volume 
AXIATA 3.73 +0.38 (11.34%) 22,574,300 

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