Rakuten Trade Research Reports
Technical View - AirAsia Group Bhd (AIRASIA,5099)
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Publish date: Mon, 24 Dec 2018, 10:16 AM
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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 closed 2 sen or 0.735% lower to RM2.70 last Friday.
- The recent plunge in oil price to a 17-month low is likely to support the upward momentum of AIRASIA's share price. Should buying interests emerged, we expect share price to test the immediate resistance at RM2.75 (R1) thereafter to RM2.88 (R2)
- Conversely, support levels are expected at RM2.54 (51) and RM2.35 (S2).
Source: Rakuten Research - 24 Dec 2018
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