RHB Retail Research
Technical Analysis - Axiata Group
Axiata Group was testing the MYR3.95 level in recent sessions. A bullish bias may be present above this point with a target price of MYR4.20, followed by MYR4.43. The stock may turn sideways if it cannot surpass the MYR3.95 mark decisively in the coming sessions. Support may be found at MYR3.63, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 20 Dec 2018
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