Friday, 4 May 2012 AIRASIA – Stock Pick

AIRASIA ( 5099 : 3.55 ) : Target revised to 4.00

Description

Resistance : 4.00

Support : 3.36 3.44

RSI of 59
RSI is in a buy divergence

STOCHASTIC
It is riding on an upswing

Comment
Following the strong upkick yesterday, we have revised the target to 4.00, from 3.74, on our buy call of
16/4/2012. The 4.00 level is the overhead resistance line, where it may attract profit taking.


Trading Strategy
Buy. Stop loss is at 3.36


Disclaimer
This report is provided for information purposes only. It is not a complete analysis of every material fact respecting any company, industry, security or investment. Opinions expressed are subject to change without
notice.