Airasia has dropped to its short-term uptrend line support of RM1.45. Failure to hold at this level may see Airasia testing its strong horizontal of RM1.40. I think a good entry level will be somewhere between RM1.40 & 1.45.
Monday, December 04, 2006
Airasia is testing its short-term uptrend line at RM1.45
Airasia has recently announced its result for QE30/9/2006, which has disappointed some investors. Its net profit dropped 35% to RM5.7 million while its pre-tax profit rose 32% to RM11.8 million, against re-stated profits in the same quarter last year, owing to changes in its accounting standards on treatment of associate losses.
Airasia has dropped to its short-term uptrend line support of RM1.45. Failure to hold at this level may see Airasia testing its strong horizontal of RM1.40. I think a good entry level will be somewhere between RM1.40 & 1.45.
Airasia has dropped to its short-term uptrend line support of RM1.45. Failure to hold at this level may see Airasia testing its strong horizontal of RM1.40. I think a good entry level will be somewhere between RM1.40 & 1.45.
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