AmInvest Research Reports

Stocks on Radar - AirAsia Group (5099)

AmInvest
Publish date: Mon, 01 Nov 2021, 11:44 AM
AmInvest
0 9,382
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

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

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment