The Stock Library
Is Air Asia Ready to take off ..
Edwin Toh
Publish date: Wed, 14 Nov 2012, 08:34 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..
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 has been in downtrend since August after Malindo is competing with the Malaysia Domestic Flights by next year.
Indicators
1 ) Trendline - Sideway trend between 2.8 and 3.19
2) Support/Resistance - Formed lower low ( Bearish )
3) MACD - 4r1g (Bullish )
4) RSI - Broke above 30% (Bullish )
5) STO -Bullish Crossover (Bullish ) If break above 20% will indicate more bullish
6) Ichimoku - a) Below the support cloud . If break above it will indicate bullish (Bearish)
b) Conversion line below the base line (Bearish)
c) Price below the baseline (Bearish)
7) Candlestick - Bullish Engulfing.(Bullish )
Resistance - 3.01 / 3.04 (20d Ma) / 3.1 / 3.19 / 3.3 / 3.43
Indicators
1 ) Trendline - Sideway trend between 2.8 and 3.19
2) Support/Resistance - Formed lower low ( Bearish )
3) MACD - 4r1g (Bullish )
4) RSI - Broke above 30% (Bullish )
5) STO -Bullish Crossover (Bullish ) If break above 20% will indicate more bullish
6) Ichimoku - a) Below the support cloud . If break above it will indicate bullish (Bearish)
b) Conversion line below the base line (Bearish)
c) Price below the baseline (Bearish)
7) Candlestick - Bullish Engulfing.(Bullish )
Conclusion:
Bearish-
Counter Trend Style
Bearish-
Counter Trend Style
Entry Price at 3.02 ( Closed at or above it)
Stop Loss at 2.96
Take Profit at 3.08
Risk to Reward Ration (RRR) =1(Average)
Entry Price at 3.02 ( Closed at or above it)
Stop Loss at 2.96
Take Profit at 3.17
Risk to Reward Ration ( RRR) =2.5 (Slightly Rewarding)
Entry Price at 3.02 ( Closed at or above it)
Stop Loss at 2.96
Take Profit at 3.27
Risk to Reward Ration ( RRR) =4.17 (Rewarding)
Stop Loss at 2.96
Take Profit at 3.08
Risk to Reward Ration (RRR) =1(Average)
Entry Price at 3.02 ( Closed at or above it)
Stop Loss at 2.96
Take Profit at 3.17
Risk to Reward Ration ( RRR) =2.5 (Slightly Rewarding)
Entry Price at 3.02 ( Closed at or above it)
Stop Loss at 2.96
Take Profit at 3.27
Risk to Reward Ration ( RRR) =4.17 (Rewarding)
Resistance - 3.01 / 3.04 (20d Ma) / 3.1 / 3.19 / 3.3 / 3.43
Support - 2.97 / 2.94 / 2.8
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
