Airasia (5099)



Airasia has declined for almost a month in the past, especially when foreign investors are dumping our stocks recently. Airasia is Currently is in 6 months low and thr RSI is in oversold region. The major support is around RM2.40 and on 29 August it rebound slightly from the downtrend and form a bullish harami pattern, the volume, however, is not strong enough and it is not surprise we have a gap up candle on 30 August but ultimately it closed near its opening price. This stock greatly affected by the rising price of fuel result from the US- Syria warfare. Consider a buy call only if the price continue to go strong.

Airasia BH 29 Aug

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