Axiata Super Bull Run End On T+3

Before Axiata roll out the financial report, the chart already reviewed out the bullish pattern so during this accumulation time the speculator already know the result and ready to push up the share price after the news roll out. The fund manager need share on hand to speculate the share so it reviewed on the chart as a bullish pattern.

After the report result they start push out the share with high volume to test the market will retail investor follow and sure during the push up will come together with good news in newspaper. In this case they are a lot of buyer so next day push up more and when come to T+3 the bullish power is over.

However the profitable side not only on fund manager but also some from retail investor, this ware reviewed when come to T+3 the price drop with high volume, it mean retail investor also running out from the share. For me I invest in call warrant, Axiata-CC & CD ware flying sky high during Axiata share rally up, the warrant profit is about 28%.

AXIATA Is Forming A Bullish Pattern

AXIATA financial report is above to roll out soon by next week and US market is positive in this few day and may likely for next week too so any good new flow out will be use by speculator to push the share price up.

Base on the chart AXIATA is above to hits new high so it is the time to sale your warrants.

Axiata Hold On 1st Support Line

On 16 Oct 2009 Axiata Group Bhd says PT Excelcomindo Pratama Tbk (XL) rights issue, which will raise US$300 million, is on track as scheduled and is expected to be completed in December.
Nonetheless, its steady free cashflow generation of estimated RM1.5 billion to RM1.6 billion in FY09F-FY10F should partly meet Axiata’s debt obligation and capex requirements.

Axiata share price hits high at RM3.20 have drop to now the 1st support line at RM 2.90 but this is a vary important support level due to the 2nd level will be RM2.40. If Axiata broken 1st level RM2.90 I think panic selling may happen to drop Axiata share to RM2.40. This level is AmResearch target price.

However if Axiata can hold on at RM2.90 untill next buy up of FBM KLCI at end of the year or buy vol go up with price hold on at RM2.90 will see Axiata share price may likely to bounds back to RM3.20. But in over all Axiata upside potential is limited so the best idea to invest into Axiata to maximum profit is buy into warrant, Axiata-CC and Axiata-CD.

This two warrant have drop to lowest since issued out by CIMB and OSK and the expire date is still far. I think the warrant may move up by end of the year when market getting better or windows dressing.