Axiata Group
AXIATA Group traded mostly range-bound on consolidation after hitting a 17-month high of RM7.19 on Oct 23. Technically, the moving average convergence/divergence histogram is pretty encouraging, implying prices may firm. A breach of the RM7.20 barrier would lead to a re-test of the all-time peak of RM7.40 while important support is pegged at the 200-day simple moving average of RM6.80.
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