Jul 26, 2017

Technical Comments: Bargain Axiata

Any price dips on Axiata towards the lower Bollinger band (RM4.56) should be attractive to bargain for rebound upside to RM4.90, with the 38.2%FR (RM5.15) and 50%FR (RM5.48) acting as tougher resistance. Crucial support is from the 29/11/16 low (RM4.11)

Axiata Daily Chart:axiata chart

technical data axiata

source: TA Securities – 26/7/2017

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