RHB Retail Research
Trading Stocks - Axis Real Estate Investment Trust
Axis REIT may rebound further after it tested the MYR1.80 support in its latest session. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR1.86 level, with an exit set below the MYR1.80 threshold. Towards the upside, the near-term resistance is at MYR1.95. This is followed by the MYR2 level.
Source: RHB Securities Research - 5 Aug 2019
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