RHB Retail Research
Technical Analysis - AirAsia X
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AirAsia X may rebound further after it tested the MYR0.335 support in recent sessions. As the stock has breached above the downtrend line drawn in the chart, this indicates a positive sign. A bullish bias may appear above the MYR0.37 level, with an exit set below the MYR0.335 threshold. Towards the upside, the near-term resistance is at MYR0.40. This is followed by the MYR0.425 level.
Source: RHB Securities Research - 23 Jul 2018
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