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
MYDiva, Perdana Lakeview East
Cyberjaya, Selangor
Puteri Palma Condominium @ IOI Resort City
Putrajaya, Putrajaya
D'Cassia Apartment @ Setia EcoHill
Semenyih, Selangor
Pangsapuri Gapura Bayu @ Jade Hills
Kajang, Selangor
Rentak Perdana @ LBS Alam Perdana
Bandar Puncak Alam, Selangor
Norton Garden Semi D @ Eco Grandeur
Bandar Puncak Alam, Selangor