Fool Trader KLSE Research

Stock Overview - AIRASIA - 4 May 2012

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Publish date: Fri, 04 May 2012, 02:15 PM

AIRASIA ( 5099 : 3.55 ) : Target revised to 4.00

Description

Resistance : 4.00
Support : 3.36 3.44

RSI of 59
RSI is in a buy divergence

STOCHASTIC
It is riding on an upswing

Comment
Following the strong upkick yesterday, we have revised the target to 4.00, from 3.74, on our buy call of 16/4/2012. The 4.00 level is the overhead resistance line, where it may attract profit taking.

Trading Strategy
Buy. Stop loss is at 3.36

 Source:Jupiter Securities Research 04 May 2012


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Jake

RM4.00 is reasonable TP

2012-05-04 14:56

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