From the chart above, we can see three times of rebound on the 20 Days Moving Average line and also the moving up trend line. Any rebound from the trend line, break-out the bullish flag or rebound from the 20 days moving average line is the buying opportunity.
Other than that, from the fundamental analysis, ECM libra maintain buy call on AirAsia with the target price of Rm2.32.
- Strong 2Q10 results for Group and associates
- Expect stronger 2H10
- Valuations are undemanding
- Maintain Buy
http://www.ecmmoney.com/wp-content/uploads/downloads/2010/09/AIRA_100907_Flying-to-greater-heights.pdf
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