Monday, February 27, 2017

Technical Analysis Feb 2017: AXIATA (6888)


AXIATA GROUP BERHAD 

Observation from Chart:-

AXIATA (6888) retrace down from RM5.09 level.

Will it rebound @ RM4.18 support level?

Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K oversold, pending trigger buy call.

Immediate resistance @ RM5.09 level.
Subsequent resistance @ RM5.22 level.

Immediate support @ RM4.18 level.
Subsequent support @ RM4.05 level.

The selling pressure is due to most recent quarter result & dividend payout
For more info: http://www.sinchew.com.my/

Let's watch closely for rebound opportunity.

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