Axiata eyeing bullish breakout, says RHB Retail Research

TheEdge Tue, Feb 13, 2024 07:35am - 4 months View Original


KUALA LUMPUR (Feb 13): RHB Retail Research said Axiata Group Bhd is eyeing a bullish breakout after testing the immediate resistance level.

In a trading stocks note on Tuesday, the research house said that the stock has been moving sideways below the RM2.77 resistance for consolidation. If a breakout occurs, the stock will resume its upside movement towards RM2.93, followed by RM3.10.

“On the other hand, a fall below the RM2.62 support would kick off downward movement,” it said.

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Comments

Xing Tian
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how? the company still suffer losses
Report
4 months · translate ·
Caleb Lau
If you see about the financial report of Axiata, you will know that most of the lost is from the impairment loss, more like depreciation from the machine and recently Axiata is quiting Nepal sector so all the loss are counted into the report.
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Like · 4 months · translate
Xing Tian
hmm，its not like they gaining profit in previous few quarter, and they sold celcom for cash
Like · 4 months · translate

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