AXIATA
AXIATA formerly known as TMI has not been getting favourable review from most Research Houses. At best it has been viewed as NEUTRAL.
Technically AXIATA is however showing good potential.
AXIATA Weekly Chart
AXIATA Daily Chart
AXIATA weekly chart showed a positive divergence between price and MACD suggesting that the downtrend it has been in is likely to come to an end soon.
On daily chart AXIATA showed a classic swing trade set-up. A break above the 20-day MA line that soon tagged the Bollinger upper band followed by a pullback to the 20-day MA line and a pattern of higher lows supported by the MACD line pattern.
A swing target at RM2.20 and stop-loss at below the latest swing low at RM1.72 gives a very favourable 3:1 reward-risk ratio.
Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investmest decision based on my posting and information presented in this blog.
Technically AXIATA is however showing good potential.
AXIATA Weekly Chart
AXIATA Daily ChartAXIATA weekly chart showed a positive divergence between price and MACD suggesting that the downtrend it has been in is likely to come to an end soon.
On daily chart AXIATA showed a classic swing trade set-up. A break above the 20-day MA line that soon tagged the Bollinger upper band followed by a pullback to the 20-day MA line and a pattern of higher lows supported by the MACD line pattern.
A swing target at RM2.20 and stop-loss at below the latest swing low at RM1.72 gives a very favourable 3:1 reward-risk ratio.
Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investmest decision based on my posting and information presented in this blog.
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