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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