RHB Investment Research Reports
Trading Stocks - Axiata
rhbinvest
Publish date: Tue, 13 Feb 2024, 11:36 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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Kuala Lumpur
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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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