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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