To recall, we had previously issued a Trading Buy call on AIRASIA on 25 February 2015 with a target price of RM2.94 in anticipation that the share price could stage a rebound play. Recently, the share price plunged to below its strong key support level amid disappointing earnings, meeting our stop-loss level of RM2.50 yesterday. As a result, we are forced to stop-out on this counter, while we may relook the stock once it looks compelling technically attractive again.

Source: Kenanga