So AirAsia has a Strong psychological resistance at RM1 as written in previous Analysis
WEEKLY
There is no need to have 10 indicators showing you when to buy and when to sell. With the use of Price Action, We know that this week AA Sellers is in the field and controlling the runway !
A strong bearish candle shows that AA will proceed to slide lower till a...
My previous entry was at 0.666 & second at 0.595, has TP 70% of it at the price of 0.880.
Now I am looking for another re-entry at 0.820-0.855 & at the possible price 0.755. But, if I'm planning to hold then I probably will take the TP at Price Zone 1.310-1.435 instead of 1.070 or 1.150.
Disclaimer: If you choose to follow this trading idea you do so at your...
MYX:AIRASIA Higher low, coupled with a surge in volume after breaking trendline indicate interests is pouring in. Counter-trend traders may look to this airline for a shorter term speculative play.
With completion of rounding bottom, it could do some pullback before resuming.
However, MACD still showing good momentum eventhough RSI is oversold.
Safer entry would be to wait breakout resistance after neckline
EP 0.910
TP 0.98 (+7%) , 1.10 (+22%), 1.24 (+36%)
SL 0.840 (-7%)
Speed: Very slow with 1469M shares float (44% of 3.34B shares)
Sentiment: Economic...
AIRASIA
Rst: 0.78
Spp: 0.695
After some period of consolidation above RB breakout neckline 0.695, the stock has just newly done another breakout today, it will propel to upper BB before reaching another hurdle at 0.865
Today is 25th Oct 2020 and as of today, whenever the cyclic meets bullish signal of stochastic(20) for this counter, without fail it is a good time to buy for a swing profit. These price trend are also at low risk as you could see strong support levels such as S1 and S1 which historically proven for years by this counter that every time the MA(20) agrees with the...
AIRASIA
Rst: MA50
Spp: 0.70/ 0.52
With today shooting star candle dropped below lower BB and plunging RSI, MACD, chance to head south is high, and potentially will extend towards 0.52.
MYX:AIRASIA closed at 0.705 today.
The cheapest price since Covid19 is at 0.50, so let us see if it will break below 0.70. If broken then next possible value is 0.60.
It's still not in Bursa's PN17 list and inverted hammer pattern was seen today. So 0.70 might be a strong support, but let see what will happen tomorrow.
There is a quote say, "Buy when others people are fear, and sell when others are greed.
This is the right quote to describe the current status of Airasia. Since the lockdown period airlines and tourism industry are the most effected. As expected, Airasia 2nd QR result will indicate loss because they are not allow to fly anywhere, when they mainly business is...
AIRASIA 1 Hour Chart:
7/5/2020
Support : 0.835
Resistance : 0.940 , 1.00
AIRASIA remained above the mid-term support uptrend line that was formed on end-June with the support set at 0.835.
The momentum turned negative at last hour on Friday which should be focus recently but there was no sign of increasing volume.
Retrace back to uptrend line at around 0.88...
The Malaysian government t has taken the smart and wise steps. With reopening more economy sectors, this will boost up other sides economy. The tourism economy has been open back, and the flights will continue resume back.
In other stories, 1,000 hotel bookings in Langkawi has been placed in just 45 minutes Yesterday (07/05/2020). More than 700 bookings has...
Hello Malaysian traders,
Hoping that all of us are in good health, positive and stay focus. Currently, Airasia have announced that they will continue their business in these near days on the 29th April. If there is no new measurement taken by Malaysian government, Airasia flight will fill back the track and get busy. Some of my friends asking me, is't the right...
