Saturday, January 7, 2017

Technical Analysis Jan 2017: AXIATA (6888)


AXIATA GROUP BERHAD 

Observation from Chart:-

AXIATA (6888) succeed breakout ascending triangle pattern.

Will it retest RM5.00 psychology level ?

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

Immediate resistance @ RM5.00 level.
Subsequent resistance @ RM5.08 level.

Immediate support @ RM4.72 level.
Subsequent support @ RM4.45 level.

Let's watch closely.

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