Sunday, June 19, 2011

Technical Analysis June 2011: Axiata (6888)



AXIATA GROUP BERHAD

Observation from Chart:-

On 17 June, AXIATA (6888) is break through heavy resistant, RM4.95 level.

It formed higher high & higher low.
MACD indicator at positive region
Added, Stochastic %K NO trigger sell call.

If retraced down, most probably will retest RM4.95 support level.
Subsequent support would be bolinger middle band, RM4.85 level.

Let watch closely.




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

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