Axiata - MA200 line as strong support
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Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to...
According to the chart axiata already in reverseal mode for the past 5 days. Should new catalyst is around the stock will move forward beyond resistant 3.55
EP: 3.36
TP :3.73, 3.94,4.22
CL: : 3.25
VSA Technique - analyze the price actions in comparison with the volume and spread change.
Climatic Candle, C1
- Range spread > 50%
- Volume > SMA (14)
- Better not in the 1st bar of the new trend.
Exhaustion Candle, C2
- Appeared after C1, same trend
- Range Spread < 50%
- Volume > SMA (14)
Lack of Support, C3
- Appeared after C2, same trend
- No requirement...
Hi, I think AXIATA has completed its accumulation period and will be going up soon
Line A is a major support line, and price had been in a downtrend until it reached this level
Bar 1 (Aug 28) & 2 (Sep 1) were down bars with ultra high volume, indicating that Smart Moneys had stepped in to buy this stock.
Bar 3 (Sep 2) was a small spread bar but the volume again...
Technically, it is not looking good for AXIATA as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line.
For a turnaround to occur, the price needs to decisively break the resistance of 3.2 which has resisted any upward.
The indicator analysis on RSI is not exhibiting any extreme condition.
Watch out for the 30% and...
