Buzz: Axiata falls, faces resistance at key levels — technicals

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(Sept 3): Shares of Malaysian telecom firm Axiata Group fall as much as 4.2% to RM4.60; they could fall further, charts suggest

** Stock faces strong resistance at its 200-day exponential moving average

** It also faces resistance at RM4.792, the 50% Fibonacci retracement level of the downtrend from Jan 5 high of RM5.82 to July 2 low of RM3.76

** The Stochastics oscillator %K line has cut below the %D line, a bearish sign

** Broader index down 0.2% on the day