Axiata closed Friday with a bullish candle at RM4.00. Axiata moved into a sideways trading range of RM2.85 – RM3.30 in Jul 2009, and broke out the range in Jan 2010. After forming a base near RM3.30, it resumed its rally and pierced through the RM3.70 tough resistance level in Mar 2010. However, after hitting a high of RM4.05, the stock retreated to below the RM4.00 level and trended sideways at between RM3.70 and RM4.00. On last Friday, it penetrated RM4.00 and reached RM4.04 high, before ending the week at RM4.00, with a strong bullish candle on the chart.
Mandarin Version : Axiata Group Berhad : Could Retest RM4.40 And RM4.80 In The Near Term...- 12/7/2010
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