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