RHB Retail Research
Technical Analysis - Axiata Group
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Axiata Group may move higher after it continued holding above the MYR3.76 support. Yesterday’s candle has sent the stock to its highest close in nearly a month, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR4.27 level, with an exit set below the MYR3.76 threshold. Towards the upside, the near-term resistance is at MYR4.80. This is followed by the MYR5.06 level.
Source: RHB Securities Research - 19 Jul 2018
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