What's worse: owning a stock that's falling or missing out on a stock that has a bullish breakout?

Earlier, I have posted about a bullish breakout in MAS. That's breakout maybe due to a weakening in the price of crude oil. If that's the main catalyst for MAS' breakout, then Airasia would similarly have a positive outlook. Unfortunately, that's not the case. As at 4.30 pm, Airasia is down 1 sen to RM1.25. Would that makes Airasia a better buy? Should I buy Airasia, instead of MAS?

From Chart 1 below, we can see that if Airasia share price can surpass RM1.32-35 level, the stock will have a bullish breakout above its downtrend line. From Chart 2 below, we can see that Airasia has a strong horizontal support at RM1.24-27 level.


Chart 1: Airasia's daily chart as at April 30, 2008 (courtesy of Quickcharts)


Chart 2: Airasia's weeky chart as at April 30, 2008 (courtesy of Quickcharts)

For more on this dilemma, see the discussion in the Big Picture a few weeks back (here).