Wednesday, 30 Nov 2011. AIRASIA – Stock Pick

AIRASIA ( 5099 : 3.66 ) : Targeting 3.90
Description
Resistance : 3.90
Support : 3.50
RSI of 49
RSI is on an upkick
STOCHASTIC
It is turning upwards
TREND INDICATOR
Down
Comment
Following the recent low of 3.45, it appears to be developing a positive Right angle triangle, with a measured
move to 3.90
Trading Strategy
Buy. Stop loss is at 3.50