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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