Tuesday, February 4, 2020

Technical Analysis Feb 2020: AIRASIA (5099)


Observation from Chart:

AIRASIA (5099) break RM1.65 strong support & follow by 2x gap down.

Will it technical rebound at RM1.22 support level?

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

Immediate resistance @ RM1.35 level.
Subsequent resistance @ RM1.40 level.

Immediate support @ RM1.22 level.
Subsequent support @ RM1.00 level.

MACC outcome to determine final wave
Source: The Edge Markets

Let's watch closely.


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