Sunday, October 19, 2014

Technical Analysis Oct 2014: AAX (5238)


AIRASIA X BERHAD (5238)

Observation from Chart:

AAX (5238) rebound @ RM0.685 support level.

How high will it rebound?

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

Immediate resistance @ RM0.74 level.
Subsequent resistance @ RM0.78 level.

Immediate support @ RM0.685 level.
If break RM0.685, lower low is formed. Most likely it might be facing selling pressure.

Let's watch closely.

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