Tuesday, March 27, 2012

Technical Analysis Mar 2012: AIRASIA (5099)


AIRASIA BERHAD

Observation from Chart:

26 March 2012, AIRASIA break down MA200 support level.

How low will it go?

Other indicator:-
No reversal candlestick been formed.
MACD trade at negative region, downtrend sign.
Stochastic %K still on SELL call position.

Immediate support @ RM3.32, RM3.21, RM3.11
If rebound, immediate resistance @ RM3.46 level.

Let's watch closely for reversal candlestick.

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