Friday, October 7, 2011

Technical Analysis Oct 2011: Axiata (6888)


Observation from Chart:-

On 7 Oct 2011, AXIATA (6888) is retest heavy resistant, RM4.84 level or MA50 level.

Will it break through or retrace down?

Other indicator:-
1. MACD indicator at negative region, downtrend sign.
2. Stochastic %K NO trigger sell call.

If retraced down, most probably will retest MA20 or bolinger middle band support level.
Subsequent support would be RM4.52 level.

7 Oct 2011, Axiata declared Interim Tax Exempt Dividend Under Single Tier System of 4 sen per Ordinary Share of RM1.00 each.
Ex-date: 20/10/2011

Let watch closely.

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


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