Chart: Axiata's weekly chart as at July 26, 2011_4.30pm (Source: Quickcharts)
Tuesday, July 26, 2011
Axiata may continue with its prior uptrend
Axiata Has just broken above its recent high of RM5.09-5.10. From the chart below, we can see that in the past 3 upside breakout above a horizontal resistance, Axiata has put in a gain of at least 50 sen. The upside breakout today is accompanied by good volume and it is happening in a rather challenging market. The contrarian instinct in me says this could be a genuine breakout.
Chart: Axiata's weekly chart as at July 26, 2011_4.30pm (Source: Quickcharts)
Chart: Axiata's weekly chart as at July 26, 2011_4.30pm (Source: Quickcharts)
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3 comments:
Hi Alex,
Can you explain more in detail of what is the purpose of share buy back and what could be the story behind this?
I took higher risk to add position of AXIATA at 5.0
HI Alex,
Good day!
Do you think the music will stop soon?
Pls advice.
Thanks
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