Sunday, November 11, 2012

Technical Analysis Nov 2012: AIRASIA (5099)

AIRASIA BERHAD

Observation from Chart:

AIRASIA is forming head & shoulder? Or double bottom?

Will it break down RM2.85 support level?

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

Immediate support @ RM2.85 level.
Subsequent support @ RM2.65 level.

Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level.

Let's watch closely.

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