AirAsia Group Bhd (AIRASIA, 5099)

• AIRASIA dropped 4.7% or 4.5 sen to RM0.905 yesterday.

• Share price formed a healthy pull back from recent breakout, which could suggest entry opportunity. Meanwhile, as share price has climbed above the short- term moving average line, this suggest renewed buying interest and should it persist, share price is likely to move higher.

• As such resistance levels are expected at RM0.95 (R1) and RM1.06 (R2).

• On the downside, support levels are pegged at RM0.87 (S1) and RM0.78 (S2).

Source: Rakuten Research - 25 Feb 2021