AXIATA GROUP BERHAD
Observation from Chart:-
From the chart, AXIATA (6888) seem like formed head & shoulders chart pattern.
As 8 April 2011, it have been retest current strong support level RM4.78 which is MA100 / MA20 support level.
At this moment, MACD indicator still at negative region
Added, Stochastic %K NO trigger buy call.
If unable sustain & rebound back, most probably will break down future.
Next support would be RM4.70 & RM4.60 level.
However, if rebound, it might retest RM5 & RM5.15 level.
Let watch closely for entry opportunity.
Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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