The RMCO has change the direction!
Updated
The Malaysian governmentt has taken the smart and wise steps. With reopening more economy sectors, this will boost up other sides economy. The tourism economy has been open back, and the flights will continue resume back.
In other stories, 1,000 hotel bookings in Langkawi has been placed in just 45 minutes Yesterday (07/05/2020). More than 700 bookings has been locked their payment, that is a good signs and positive for the tourism economy in Langkawi. Langkawi hotels are getting ready with the massive incoming tourist, that expected to arrive in nearest weeks. They'r expert in their field..
Looking at the chart, critical resistance is just ahead. But with the flight demand, it will easily broke the resistance. The cash flow is also well managed.
In my current view, I'm Long to this trade. Monthly chart is forming a bullish trend, that I expected a recovery state.
In other stories, 1,000 hotel bookings in Langkawi has been placed in just 45 minutes Yesterday (07/05/2020). More than 700 bookings has been locked their payment, that is a good signs and positive for the tourism economy in Langkawi. Langkawi hotels are getting ready with the massive incoming tourist, that expected to arrive in nearest weeks. They'r expert in their field..
Looking at the chart, critical resistance is just ahead. But with the flight demand, it will easily broke the resistance. The cash flow is also well managed.
In my current view, I'm Long to this trade. Monthly chart is forming a bullish trend, that I expected a recovery state.
Trade active
Congrats to Airasia, the market price has been breach the resistance. More to come.Trade active
Stay on hold.Trading with Airasia is just a beginning of seasons. More to come, the domestic flight is open and the orders are still coming.
Fundamentals analysis seen that, Airasia is really capable in today situation. With back bones of wealthy companies, Airasia is still holding a good debt track in all years.
I'm still holding this trade, forecasted the price will testing the support in few days. Or not, the trade will trying harder to fight back with the resistance.
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