RHB Retail Research

Trading Stocks - Axiata

rhboskres
Publish date: Wed, 10 Mar 2021, 05:52 PM
rhboskres
0 9,021
RHB Retail Research

Axiata broke away from its price congestion zone, which had formed since early January. This indicates a good possibility its correction phase that started from mid-Dec 2020 has reached an end, and an upward extension is expected to take place. A positive bias is likely to appear above MYR3.55 with resistance levels set at MYR3.80 and MYR3.95. A downside breach of MYR3.55 would cancel this trading setup.

Source: RHB Securities Research - 10 Mar 2021

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment