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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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In this fast-moving digital world, we get information in a few clicks.
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Investing in stocks today is very different from the past, but one thing hasn't changed - to study about a stock before putting money in.
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The Story behind the Chart. Interesting
2021-08-28 15:10