Journey to Wealth

Daily Trading Stocks: AirAsia Bhd

kiasutrader
Publish date: Fri, 06 Jul 2012, 09:34 AM
rAsia's rebound should continue if it stays above RM3.70 today. A position  can  be  initiated  above  RM3.70,  with  a  close  below  the recent  low  of  RM3.56  as  stop-loss.  The  price  target  is  the  all-time high  of  RM4.20,  provided  that  the  psychological  RM4.00  level  is broken.  Failure  to  break  higher  could  see  sellers  returning,  with  a close  below  RM3.56  confirming  the  weakness.  Supports  lie  at RM3.30 and RM3.10.


Source: OSK
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