Sunday, January 27, 2013

Technical Analysis Jan 2013: AIRASIA (5099)

AIRASIA BERHAD

Observation from Chart:

AIRASIA retest MA50 resistance level, RM2.80.

Will it break through?

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

Immediate resistance @ MA50 level.
Subsequent resistance @ MA100 level.

If retrace down, might retest immediate support @ RM2.53 level.

Let's watch closely.

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