The Stock Library
Air Asia retesting the 3.1 resistance
Edwin Toh
Publish date: Sat, 29 Sep 2012, 09:04 AM
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..
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..
There was a double bottom formed when it rebound on the previous lower low at 2.8 and went back up after many session of profit taking. Currently it is retesting the 3.1 resistance and will it falter again when it reaches to 3.1...
Let check the Stock Analysis Chart for Air Asia on 28 September 2012
Conclusion:
Bearish -
Let check the Stock Analysis Chart for Air Asia on 28 September 2012
Indicators
1 ) Trendline -Broke above the small downtrendline and went sideline (Slightly Bullish)
2) Support/Resistance - formed Lower Low ( Bearish)
3) MACD -Bullish Crossover( Bullish)
4) RSI - Broke above 30% ( Bullish)
1 ) Trendline -Broke above the small downtrendline and went sideline (Slightly Bullish)
2) Support/Resistance - formed Lower Low ( Bearish)
3) MACD -Bullish Crossover( Bullish)
4) RSI - Broke above 30% ( Bullish)
5) STO - Broke above 20% and small bullish crossover ( Bullish)
6) Ichimoku - a) Below support cloud (Bearish ).
b) Conversion line below the base line (Bearish ).
c) Price below the baseline ( Bearish )
7) Candlestick - Formed a weak shooting star.. ( Slightly Bearish )
6) Ichimoku - a) Below support cloud (Bearish ).
b) Conversion line below the base line (Bearish ).
c) Price below the baseline ( Bearish )
7) Candlestick - Formed a weak shooting star.. ( Slightly Bearish )
8) Volume - Big Selling Pressure at the last minute
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/ 2.8 / 2.75 / 2.68
Next Resistance at 3.1 / 3.2/ 3.28/ 3.34 /3.48 / 3.54
Support at 2.88/ 2.8 / 2.75 / 2.68
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