Axiata’s rally should stay intact as long as it closes above RM6.00. A purchase can be made at the level, with a close below yesterday’s low of RM5.95 as a stop-loss. The price target is RM6.50, if the recent high of RM6.30 is broken. A close below RM5.95 should see the stock lower with strong support at RM5.80.
Source: OSK
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