Bursa Malaysia Stock Watch
Axiata may have a bullish breakout
kltrader
Publish date: Fri, 30 Apr 2010, 07:55 PM
kltrader
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Axiata has just broken above its short-term downtrend line at RM3.80. As at 9.15am, the stock was up 17 sen to RM3.97.
Chart: Axiata's daily chart as at April 30, 2010_9.05am (Source: Quickcharts)
A cheaper option is to try Axiata-CC, which expired in 5/8/2010. Its main terms are exercise ratio of 5-to-1 and exercise price of RM2.75. At the present price of RM0.22, Axiata-CC is trading at a discount of 3%.
Based on the above technical breakout, Axiata could be a trading BUY.
Chart: Axiata's daily chart as at April 30, 2010_9.05am (Source: Quickcharts)
A cheaper option is to try Axiata-CC, which expired in 5/8/2010. Its main terms are exercise ratio of 5-to-1 and exercise price of RM2.75. At the present price of RM0.22, Axiata-CC is trading at a discount of 3%.
Based on the above technical breakout, Axiata could be a trading BUY.
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