Rakuten Trade Research Reports
Technical View - AirAsia Group Bhd (AIRASIA,5099)
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Publish date: Mon, 15 Oct 2018, 10:25 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
AirAsia Group Bhd (AIRASIA,5099)
- AIRASIA gained 4 sen (1.48%) to close at RM2.74 last Friday.
- YTD, AIRASIA has fallen 18.21% to hit its 52-week intraday low at RM2.69 on 12 Oct before bouncing back to close at RM2.74 last Friday. We believe the selling is overdone and may see a technical rebound.
- Meanwhile, resistance levels can be found at RM3.00 (R1) and further to RM3.21 (R2).
- Support levels are expected at RM2.58 (51) and RM2.39 (S2).
Source: Rakuten Research - 15 Oct 2018
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