Monday, 16 April 2012 AIRASIA – Stock Pick

AIRASIA ( 5099 : 3.46 ) : Targeting 3.74/stop loss 3.38

Description

Resistance : 3.57 3.74

Support : 3.37

RSI of 47
RSI is starting to recover

STOCHASTIC
It is on an upswing

TREND INDICATOR
Comment
Following the Double Bottom of 3.35, it is heading higher. Upside is likely to be capped at the overhead
trendline of 3.74


Trading Strategy
Buy. Stop loss is at 3.37


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.