AirAsia Group has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 50%, there is a possibility it will surpass the resistance price of RM2.83, and move towards target prices of RM3.00 and RM3.15. Meanwhile, the immediate support is anticipated at RM2.68, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM2.83

Target: RM3.00, RM3.15 (time frame: 3-6 weeks)

Exit: RM2.68

Source: AmInvest Research - 2 Jul 2019