Axiata Group
AXIATA Group touched near five-month lows of RM6.51 during intra-day session. Apparently, the very oversold position of the 14-day relative strength index offers hope of a technical rebound, but the immediate upside potential is likely to be capped, either at the RM6.80 or the RM7 mark. Initial support is seen at RM6.35-RM6.37.
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