Daily Chart

AirAsia : Closed at 3.69. Will be watching at RM3.50. Someone bought AirAsia at 3.90+ and expecting it to go to RMM4.10. I replied to him ... and told him that with technical chart and experience, RM3.95 is quite a certain SELL. Nothing is 100% but the chances that AirAsia breaking RM4, a strong resistance is NOT good ... and so, I told my cohort-2 and cohort-3 that the level we will like to grab should be around RM3.50.

Yup, even tmr if it dives to RM3.50, I shall be watching the re-action ... and it might take another few days of dropping ... to RM3.30. RSI at 59 level, still consider as HIGH. Of coz if you are buying at RM3.95 level with RSI above 70, it doesnt make sense to me.

Another comment told me that on Monday AirAsia will moveing higher!! With DOW shooting the sky then, anything also finds wing to fly? We shall check on the landing ... soft or hard tmr?



GenM : Closed at RM3.69, touched RM3.65. Now, I shall be checking on her at RM3.50 too. Someone bought at RM3.80 ... incredible example of NOT understanding about resistance, market and whatever. Almost a total zero knowledge tho he bought a GOOD counter. Why not buying at RM3.20? At RM3.80, it has been overly extended ... and at resistance.

I wrote my TITLE ... KLCI at overbought region and at resistance ... I do wonder how many actually get the idea ... hmm ... I cant be telling them ... SELL yesterday, right? What if today market up another 30points and we break 1500, right? C'mon ... are we suppose to say the word BUY ... then, they buy or SELL then they will sell? Common sense needed as NO ONE could tell you such.

Well, RSI at 54, we watch at RM3.50 and RSI below 40 to buy? We do not need to predict if DOW up or down ... just use some common senses, learn some simple teachnical analysis ... and lots of discipline.



UEMLand : RSI 58. Checking at RM1.94 and RM1.81 level. Technically, bearish ... so, it should retrace from here.

TEH