Thursday, June 11, 2015

Airasia: It broke the RM2.00 mark!!!

Airasia broke the RM2.00 psychological support! It closed at RM1.86 at the end of the morning session. It may test the RM1.80 support soon.

The RM1.80 is a confluence of horizontal support, uptrend line support as well we the lower line of a downward channel. I believe that the stock should find its support at this level.

As such, it could be a good entry level for a long-term investment as well as trading BUY for a technical rebound.


Chart: Airasia's monthly chart as at Jun 11, 2015_12.30pm (Source: ShareInvestor)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Airasia.
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1 comment:

  1. limccWednesday, June 17, 2015 4:00:00 PM

    Hi Alex,

    Airasia has dropped a lot recently and what do you think is a good entry point? How about Airasia X?

    Thank you.

    ReplyDelete