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.