• 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
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Created by rakutentrade | Nov 05, 2024