Saturday, May 14, 2011

Technical Analysis May 2011: Axiata (6888)





AXIATA GROUP BERHAD

Observation from Chart:-

From the chart, AXIATA (6888) is continue uptrend.

No reversal candlestick been formed.
MACD indicator at positive region
Added, Stochastic %K NO trigger sell call.

Next resistant should be RM5.16 level, it will retest this level soon.

If retraced down, most probably will retest RM4.95 support level.
Subsequent support would be RM4.90 level.

Let watch closely.

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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