Saturday, October 15, 2011

Technical Analysis Oct 2011: AIRASIA (5099)


AIRASIA BERHAD

Observation from Chart:

AIRASIA rebound from RM2.70 to RM3.40 ( +RM0.70 or 26%) which currently retest MA50 level.

Will it break through MA50 resistant level?

Other indicator:-
MACD is moving toward positive region.
Stochastic %K still on buy call position BUT overbought stage.

If unable break through MA50 level, high probably will retrace down retest immediate support, RM3.21 level.

Let watch closely.

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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