Monday, September 13, 2010

KLSE: AirAsia (5099) (Update)


As I've mentioned last week, the break above of the downtrend line is a buying signal. However,

the price shot up for 12 cents in a day and caused a long white candle stick has formed and

touches the Bollinger band
. This will most probably lead to a taking

profit decision on tomorrow and correction for 3 days
. Therefore, I am here to

recommend watch and see for this stock for short term player (3 days) but buy call for

medium term player
( 1-2weeks) as it just broke above the previous mount resistance.

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