KUALA LUMPUR (June 10): RHB Retail Research said Axis REIT is set to reclaim its historical high after rebounding above the previous breakout level of RM1.92 following the recent pullback – firming up its bullish bias above the breakout level.

In a trading stocks note on Friday (June 10), the research house said if positive momentum above this level persists, it may drive the stock towards the RM2.07 historical high, followed by a new high of RM2.10.

“However, the stock may reverse in trend if it falls below the RM1.88 support level – forming a 'lower low' bearish pattern,” it said.

 

SHARE
RELATED POSTS
  1. Nga to meet PM to discuss best formula to help Putra Heights fire victims
  2. Kerjaya Prospek bags RM291m construction contract in Penang
  3. Incremental housing model incompatible with high-rises — Jayaselan