Rakuten Trade Research Reports

Technical View- AirAsia Group Bhd

rakutentrade
Publish date: Wed, 11 Nov 2020, 11:23 AM
rakutentrade
0 2,061
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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 (5099)

• AIRASIA advanced 27.1% or 14.5 sen to RM0.68 yesterday.

• Chart-wise, share price is likely to have bottomed out from the recent low with yesterday’s reversal pattern due to encouraging vaccine development indicating near term positive outlook on the aviation industry. We expect a follow through buying to continue with further upside.

• As such, resistance levels are set at RM0.73 (R1) and RM0.84 (R2) level.

• On the downside, support levels are at RM0.535 (S1) and RM0.500 (S2).

Source: Rakuten Research - 11 Nov 2020

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment