Share
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.
TOP PICKS BY EDGEPROP
Fairfield Residences, Tropicana Heights
Kajang, Selangor
HiCom-Glenmarie Industrial Park
Shah Alam, Selangor
Cheria Residences, Tropicana Aman
Telok Panglima Garang, Selangor
Bukit OUG Condominiums
Bukit Jalil, Kuala Lumpur
Taman Matang Jaya, Sungai Buloh
Sungai Buloh, Selangor
Pangsapuri Titi Mukim (Pangsapuri Pinggiran Perdana)
Penaga, Penang
