AirAsia Group was testing the RM3.20 mark in its latest session. With a moderate RSI level, a bullish bias may be present above this point with a target price of RM3.38, followed by RM3.61. Meanwhile, it may continue trending sideways if it fails to cross the RM3.20 mark in the near term. In this case, support is anticipated at RM3.00 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM3.20

Target: RM3.38, RM3.61 (time frame: 3-6 weeks)

Exit: RM3.00

Source: AmInvest Research - 1 Oct 2018