Fool Trader KLSE Research

Stock Overview - AXIATA - 30 Apr 2012

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Publish date: Mon, 30 Apr 2012, 06:11 PM
AXIATA ( 6888 : 5.29 ) : Key support 5.15

Description

Resistance : 5.58
Support : 5.15 5.23

RSI of 54
RSI is neutral

STOCHASTIC
It is oversold, indicating a technical rebound

Comment
The current pullback from 5.44 is on a limited downside, with support at 5.23. A technical rebound is likely, with resistance around 5.58. Caution is a downside breach of 5.15, which will be negative

Trading Strategy
Buy. Stop loss is at 5.15


 Source:Jupiter Securities Research 30 April 2012



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