AIRASIAmade a major daily Wave 2 high of MYR2.81 (14Jan2015) with grossly overbought and bearish signals. All of its negative signals above suggest a very strong daily downtrend. It is likely to break into lower territory, as it just breached its key support areas in a very clear downward Wave 5 move.

TAKE PROFIT (TECHNICAL)on rallies for AIRASIAwith very weaksupports at MYR1.20and MYR1.43as well asdownside target areas of MYR1.45, MYR0.88and MYR0.37.

Source: Maybank Research - 18 Jun 2015