Technical Analysis Apr 2012: AIRASIA (5099)

AIRASIA BERHAD

Observation from Chart:

12 April 2012, AIRASIA retest RM3.35 support level.

Will it rebound?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K already trigger BUY call.

If rebound, immediate resistance @ MA50

Subsequent support, RM3.52 level.

If break down RM3.35 support, subsequent support @RM3.08 level.
Let's watch closely.