Airasia has a bullish breakout

Airasia has been moving in a sideway manner since breaking above its recent downtrend on August 7. The RM1.40/41 horizontal resistance has checked 3 recent advances but this morning, it was overcome. If Airasia can hold above this RM1.40/41 resistance-turned-support, then there is a good chance that Airasia is commencing an uptrend move (see the chart below).

















Chart: Airasia's daily chart as at Sep 11