Sunday, December 9, 2012

Technical Analysis Dec 2012: AXIATA (6888)

AXIATA GROUP BERHAD

Observation from Chart:-

AXIATA (6888) is retest strong resistance, RM6.00 psychology level.

Will it break through ?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still on BUY call itinerary.

If able break through, higher high will be formed, uptrend is firmed.
If retrace down, most likely it will retest RM5.80 support level.
Subsequent support @ RM5.60 level.

Let's watch closely.

0 comments:

Post a Comment