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Air Asia with a confirmation white candle after support hammer

Edwin Toh
Publish date: Fri, 14 Sep 2012, 09:34 PM
Edwin Toh
0 184
Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.


Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..

Air Asia with a confirmation white candle after support hammer

 



 Brave words for Tony Fernandes that Malindo wont cause much issue with them for the domestic flights in Malaysia







Let check the Chart for Air Asia




 
 
ndicators
1 ) Trendline - Below the bearish trendline and touching (Bearish)
 2)  Support/Resistance - formed Lower Low ( Bearish)
3) MACD -4R1G signal ( Bullish)
4) RSI - Still below 30% but trying to break 30% . If break it will confirm the bullish
 5) STO - Still below 20% but trying to break 20% . If break it will confirm the bullish
6) Ichimoku -  a) Below support cloud (Bearish ).
                       b) Conversion line below the base line (Bearish ).
                       c) Price below the baseline ( Bearish )
7) Candlestick - White Candle after a bullish hammer  ( Bullish)
8) Volume - Buying Pressure is a bit higher than selling pressure 
 
 
 


Conclusion:
Bearish  -
 
Safe Investment - Break above 3.1

Next Resistance at 3.1 / 3.2/ 3.28/ 3.34 /3.48 / 3.54
Support at 2.88/ 2.75 / 2.68
 
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Discussions
4 people like this. Showing 22 of 22 comments

Frank Soweto

haha at least this writer made it clear to u with his simple layman term findings instead of gogogog or 1/2" b sub par below blah3 Good job and thanks :)

2012-09-14 23:34

edwinstockking

Thanks Frank. Easy and easy as 123 is the best..

2012-09-14 23:59

Frank Soweto

Hi Edwin,yaya easy easy 123 is the best as many here are not into the TA. Thank You for sharing:) all the best and cheers.

2012-09-15 00:10

edwinstockking

TA is a good tool for entry and exit price

2012-09-15 00:32

Ram Cheong

for this TA is it a sell or entry . ...........

2012-09-15 01:02

edwinstockking

Entry if above 3.1 and stay tune for any update when to exit :) cut loss at 3.05 or below and take some profit when reaches to 3.2

2012-09-15 01:12

Ram Cheong

miss the boat yesterday , q at 2.84 but not done . ...........

2012-09-15 01:18

Ram Cheong

will stay tune for further update n on other counters too if any . ......... tq

2012-09-15 01:20

ahtan

This is call PRO! Thanks Edwin ,great job! Appreciate that

2012-09-15 06:55

lotsofmoney

This is a true professional job. Not those who try to bluff their way through with lots of useless figures.

2012-09-15 10:28

edwinstockking

thanks ahtan and lotsofmoney. Most importants aspect is that we small investors share our knowledge to gain some profit from those big investment institute :)

2012-09-15 10:41

CP TEH

HI Edwin

Got your sms. Thanks.

It is great to know u r back and in here too. Yes, I m glad as many of here could benefit from your analysis.

I will clear some at 3.15-3.20 and let others to run but resistance at 3.30 must be respected, taking profit point if needed too. When more retailers pushing in, it is a SELL to me.

Do trade as planned. If u dont know how to plan, you many want to join my tratles group and we could share opinions on stocks.

TEH

2012-09-15 21:16

Edwin Toh

Welcome CP TEH

Well i believe they business will be affected by Malindo and they announced that they are rethinking twice about the $80 Billion purchase of Batavia in Indonesia.

It is just so happen that QE3 was approved on Thursday night which aid the temporary recovery of Air Asia. We might not know whether this is a strong dead cat bounce from KLCC TOWER compared to double storey house. The height might must be too high to cause a high chain rebounce on this counter.

Just keep say and monitor intraday for any shooting star during the last 20 minutes...

2012-09-15 21:48

necro

PANDAI TOL DLM TA!!
AGREE AGREE!!

2012-09-15 21:57

CP TEH

Hi Edwin

Yes, I used technical for the trade. Basically, it is technical analysis. Gapped down with hammer/spinning top/doji with strong volume is a strong buy to me.

Those without experiences of catching a knife SHOULD NOT be buying but wait for reversal to confirm, for example the confirmation in hammer or perhaps, MACD in green. Buying at 3.10 above could be a 'safer' buy rather than a crazy buying at 2.85 or below.

I bought hugely due to Malindo news, actually. Without bad news, it could not create panic-selling. Without that, many will not cut-loss or selling it at deep discount. Without these noisy forums(and many more) making those noises, we could not gauge the FEAR level in markets. I thought they said ... be greedy when market is fear? No?

Anyway, I explained to my whole group about my trades as I do not want them to follow blindly and caught a knife, wounded and do not know how to get out.

Yes, it a shooting star or even a doji to form nearing to my resistance level, I will sell. Shooting star, or hanging man, sell ALL. Doji ... well, sell half or more.

I have given my whole groups 7(I could name 12, actually) why one should not be buying AA at 3.50 when a report came out to BUY with target RM4+. Sigh ... so much about contrarian.

Anyway, we shall watch together how I exited(I shown all my entry ... and may bought lower than me!!) and many could learn, if they appreciate my postings.

Nothing is for certain. Manage your risk.

Good luck.

TEH

2012-09-15 22:11

necro

But my SYNDICATE FRIEND said MONDAY is BLACK MONDAY...

2012-09-15 22:18

Shine

Impossible, Monday is a HOLIDAY!!!!!!!!!!!

2012-09-15 22:23

necro

not in MY laaa...aiyaa..

2012-09-15 22:25

KC Loh

monday is holiday!

2012-09-15 22:26

necro

hahahaha

2012-09-15 22:30

Edwin Toh

Cp

Yup you are the expert in waterfall stock :)

Miss my old pals of e-meetings mates which we did last year together with you but I won't have much time as last time since I promoted to a husband status haha :)

E-meeting with a team is excellent as you can save times to compile the data and news to check which stock to monitor instead of scanning 100 over stock even with the xpert trader filtering system

2012-09-15 23:50

Edwin Toh

How we wish Monday is a trading day so we can get some gain while qe3 sentiment is still fresh and hot

2012-09-15 23:51

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