Tuesday, December 18, 2007

Airasia is testing its uptrend line support

Airasia is about to test its uptrend line support at RM1.68. In the past 2 occasions where the share price has breached the RM1.70, they have gone to low of RM1.62 in August & RM1.67 just last month. This time, it may do the same again, especially with the uptrend line support lying not too far away. Thus, Airasia could be a good Trading Buy at RM1.68 or therabout, with stop loss at RM1.60 (8 sen below the uptrend line support of RM1.68).

Chart: Airasia's weekly chart as at December 17 (courtesy of Quickcharts)

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