Tuesday 14 June 2011

Case Study - Air Asia


1. Uptrend - bullish
2. ADXI with good momentum - bullish
3. Stochastic up (hitting 80%) - bullish
4. MACD make turning above of 0 - bullish
5. RSI up (hitting 70%) - bullish
6. Candle stick (form a shooting star at uptrend, potentially bullish reversal, pending confirmation)

Entry price : 3.27
Profit Taking : 3.37, 3.35

Supporting:
S1 : $3.04
S2 : $2.84
S3 : $2.71

Resistance:
R1 : 3.27
R2 : 3.35
R3 :3.53

4 comments:

  1. Seems like the counter is blocked by another 2 resistance 3.41 & 3.47. Hopefully can break and close above 3.41 tomorrow.

    ReplyDelete
  2. Wow...
    It break the resistance for 3.47 today...
    Let's monitor if it would break next resistance at 3.60.
    Take profit at 3.58 and continue to enjoy the profit up to 3.80...
    let's go...

    ReplyDelete
  3. Historical high achieved today. It close at 3.67 today. All signals are still intact. Keep holding it with tight trail stop loss strategy. Getting closer to our stretched goal (3.80)...
    Show us your power, Airasia. Soar as high as your can!!!

    ReplyDelete
  4. Finally Airasia is retracing. I hope you guys has take profit at least during 3.58.

    Airasia, take a good rest and prepare yourself for another high.

    We will be back. :)

    ReplyDelete