AirAsia recorded a “dragonfly doji-like” candle at RM1.33 last Friday. AirAsia consolidated between the RM1.09 and RM1.28 region from Apr to Jul 2009, before soaring to a high of RM1.59 in Aug last year. However, the move triggered a downtrend, pressing the stock to just above the RM1.28 resistance-turn-support level. In recent months, the stock has been fluctuating between RM1.28 and RM1.40. Last Friday, it closed at RM1.33, after a downswing with a “dragonfly dojilike” candle on the chart, pointing to a possible technical rebound soon.
AirAsia Berhad : Bargain-hunting Activities To Resurface Soon… - 19/04/2010
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