Airasia may re-test the RM1.40 level.

After a sharp run-up in its share price to a high of RM1.66 on October 12 & 13, Airasia is now undergoing some correction. It may drop back to find support at the RM1.40 horizontal line or the tentative uptrend line support at RM1.38 (& rising). This support area may be a good entry to this stock. See the chart below.

















Chart: Airasia's daily chart as at Nov 3