Rakuten Trade Research Reports

Technical View - AirAsia X Bhd (AAX, 5238)

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Publish date: Tue, 27 Aug 2019, 10:12 AM
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AirAsia X Bhd (5238)

  • AAX gained 1 sen or 5.5% to RM0.195 yesterday.
  • Share price recovered from its 52-week low of RM0.17 to close at a high of RM0.195 signalling possible bottoming out from long spell of bearish run. Indicators are showing it to be oversold and the technical rebound may have some legs to run.
  • As such, immediate resistance level is found at RM0.21 (R1) and next heading to RM0.23.
  • On the contrary, support levels are identified at RM0.17 (S1) and RM0.15 (S2).

Source: Rakuten Research - 27 Aug 2019

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