Bursa Malaysia Stock Watch
Axiata may have a bullish breakout at RM4.00
kltrader
Publish date: Mon, 12 Jul 2010, 08:09 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Axiata broke above its downtrend line (R2-R2) in June. This morning, it broke above its horizontal line, H2 at RM4.00. With this later breakout, Axiata may put in a decent rally similar to January-February this year when it charged up from RM3.25 to RM4.00.
Chart : Axiata's daily chart as at July 12, 2010_10.00am (Source: Quickchart)
Based on the above, Axiata may be a good trading BUY.
Chart : Axiata's daily chart as at July 12, 2010_10.00am (Source: Quickchart)
Based on the above, Axiata may be a good trading BUY.
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