Monday, 30 April 2012 AXIATA – Stock Pick

AXIATA ( 6888 : 5.29 ) : Key support 5.15

Description

Resistance : 5.58

Support : 5.15 5.23

RSI of 54
RSI is neutral

STOCHASTIC
It is oversold, indicating a technical rebound

Comment
The current pullback from 5.44 is on a limited downside, with support at 5.23. A technical rebound is likely,
with resistance around 5.58. Caution is a downside breach of 5.15, which will be negative

Trading Strategy
Buy. Stop loss is at 5.15

Disclaimer
This report is provided for information purposes only. It is not a complete analysis of every material fact respecting any company, industry, security or investment. Opinions expressed are subject to change without
notice.