Wednesday, July 11, 2012
Axiata- uptrend to continue
Axiata has just broken above the line that connects the high over the past 18 months. It has also broken above its all-time high of RM5.60. With these double breakouts, Axiata is likely to continue its prior uptrend. My projection shows that the next target for Axiata is RM6.50.
Based on this, Axiata could be a good trading BUY.
Chart: Axiata's weekly chart as at July 11, 2012 (Source: Tradesignum)