Axiata is eyeing a bullish breakout after testing the immediate resistance level. The stock has been moving sideways below the MYR2.77 resistance for consolidation. If a breakout occurs, the stock will resume its upside movement towards MYR2.93, followed by MYR3.10. On the other hand, a fall below the MYR2.62 support would kick off downward movement.
Source: RHB Securities Research - 13 Feb 2024
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Created by rhbinvest | Dec 03, 2024