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The recent bullish price and volume action of Axiata supported by the MACD turning positive suggest that it has potential to resume its prior uptrend. A break above its recent high of RM42.58 may trigger an upside target to RM42.77, followed by R M2.92. However with the stochastic oscillator in extreme overbought level, a pullback may be expected to occur in the near term. Immediate support may be found at RM2.33 with a next stronger support at RM2.13

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