I do mainly technical analysis on SGX and KLSE and very little on HKSE.
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment