Journey to Wealth

DAILY TRADING STOCKS: AIRASIA

kiasutrader
Publish date: Tue, 12 Jun 2012, 10:28 AM


AirAsia's rebound may continue if it closes above the 3-month high of RM3.70. A position can be initiated if that happens, with a close below the recent low of RM3.50 as stop-loss. The price target is the all time high of RM4.20, should  the RM4.00  resistance level be broken. A failure to break RM3.70 may invite selling. Supports are at the recent lows of RM3.35 and RM3.20.

Source: OSK
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