KLSE Stocks Review

AIRASIA (5099) The Story behind the Chart of AIRASIA GROUP BHD

ChartStory72
Publish date: Fri, 27 Aug 2021, 01:59 PM
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AirAsia 5099
 
Overall if you are looking at the bigger picture, prices may seem to be in a ranging mode. However, after zooming in, we can see there are some minor buying. The trend seems to be slowly creeping upwards, which is a good sign of course. 
 
Good news is that prices are still in a favourable position as there are multiple rebounding signals inside the Collection Triangle, indicating strength and we can see that prices are gaining momentum as well. 
 
If everything goes well, prices should re-test the Fibonacci Mini Resistance Level in the next few weeks. However, as usual, if prices breaks below the Collection Triangle then the bankers had successfully troll everyone, which indicates that the uptrend will not continue. Good news, it is less likely to happen but NOT absolute. 
 
Industry: Travel, Leisure & Hospitality. 
 
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The Story behind the Chart. Interesting

2021-08-28 15:10

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