Technical Analysis Sept 2011: AIRASIA (5099)
AIRASIA BERHAD
Observation from Chart:
AIRASIA keep consolidate & trade above MA100 support level.
High probably it might be retest RM3.66 or MA50 resistant level soon.
Other indicator:-
MACD is going bullish crossing soon BUT still at negative region.
Stochastic %K still on buy call position.
However, if break down MA100 support, MA200 is immediate support level, which is around RM2.97 level.
Let watch closely for rebound opportunity.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
It is still long term uptrend channel.
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