Axiata Likely To Be Silent Till Next Year
Due to the listing of Maxis, most of the fund invest in Axiata have change to Maxis. The out flow of money had make the share price drop below 1st support line at Rm2.90 however the share bounds back without high vol and now the share price trading between RM3.15 and Rm3.00 cap.
For this month, Axiata share price may likely to re-silent till the fund from Maxis return to Axiata but likely to happen in this month. Base on currant Maxis share price, most of the fund invested in is not yet ready to come out so to wait the sign when to buy in into Axiata I think need to monitor Maxis share price.
3 comments:
Dear Sir,
It seem Genting Sp share is going nowhere range $1.08-$1.11, would it break the major support line $1.00? Maybe imposible, volume increase this day...and price not going down
Hai Yumi
Base on the Genting SP chart the share price is possible broken S1.00 because it slowly forming a bearish patten. However if it really hits below S1.00 it will be a buying opportunity.
Genting SP is a profitable business so I think the share will go up when the casino open.
Dear Sir,
Glad to hear that..yeah hope, that day will come soon or else the casino is going to open lol.
Thanks for your analysis..:)
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