AirAsia Group climbed and touched the RM1.15 resistance level. With its RSI indicator moving upward, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.20, followed by RM1.24. The downside support is marked at RM1.07. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy near RM1.15
Target: RM1.20, RM1.24 (time frame: 2-4 weeks)
Exit: RM1.07
Source: AmInvest Research - 1 Nov 2021
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Created by AmInvest | Nov 21, 2024