To highlight briefly, we observe the recent bashed down on AXIATA (NR) and CIMB (NR) could offer a potential trading opportunity for investors who look to buy into the stock. AXIATA has recently been consolidating above its key support level of RM6.40 with key indicators trending away from their oversold region, offering potential trading entry point near the RM6.40 level (please refer to Figure 1 for technical details). Meanwhile, CIMB continues to trend down further towards its strong support level of RM5.18 with its momentum indicators also in the oversold region (Figure 2). Shall the share price consolidate towards RM6.40 and RM5.18 for AXIATA and CIMB, respectively, investors should keep an eye for a reversal signal to confirm a rebound play before entering the stock. On the other hand, we are cutting loss on two counters which had undergone huge sell-down by the market recently. The two stocks are:
Source: Kenanga Research - 17 Jun 2015
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2024-08-30
AXIATA2024-08-30
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AXIATA2024-08-30
AXIATA2024-08-30
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CIMB2024-08-30
CIMB2024-08-30
CIMB2024-08-29
AXIATA2024-08-29
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AXIATA2024-08-29
AXIATA2024-08-29
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AXIATA2024-08-29
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CIMB2024-08-29
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CIMB2024-08-29
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CIMB2024-08-29
CIMB2024-08-29
CIMB2024-08-28
AXIATA2024-08-28
CIMB2024-08-28
CIMB2024-08-28
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CIMB2024-08-28
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CIMB2024-08-28
CIMB2024-08-26
AXIATA2024-08-26
CIMB2024-08-26
CIMB2024-08-26
CIMB2024-08-23
AXIATA2024-08-23
AXIATA2024-08-23
AXIATA2024-08-23
CIMB2024-08-23
CIMB2024-08-23
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CIMB2024-08-23
CIMB2024-08-22
AXIATA2024-08-22
AXIATA2024-08-22
AXIATA2024-08-21
AXIATA2024-08-21
AXIATA2024-08-21
CIMB2024-08-21
CIMB2024-08-21
CIMB2024-08-21
CIMB2024-08-21
CIMB2024-08-21
CIMB2024-08-20
AXIATA2024-08-20
CIMB2024-08-20
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CIMB2024-08-20
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CIMB2024-08-19
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CIMB