AmInvest Research Reports
Stocks On Radar - Axiata Group (6888)
AmInvest
Publish date: Thu, 29 Nov 2018, 08:51 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
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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