Long
AIRASIA - completed rounding bottom for potential +36% upside?
With completion of rounding bottom, it could do some pullback before resuming.
However, MACD still showing good momentum eventhough RSI is oversold.
Safer entry would be to wait breakout resistance after neckline
EP 0.910
TP 0.98 (+7%) , 1.10 (+22%), 1.24 (+36%)
SL 0.840 (-7%)
Speed: Very slow with 1469M shares float (44% of 3.34B shares)
Sentiment: Economic recovery theme
However, MACD still showing good momentum eventhough RSI is oversold.
Safer entry would be to wait breakout resistance after neckline
EP 0.910
TP 0.98 (+7%) , 1.10 (+22%), 1.24 (+36%)
SL 0.840 (-7%)
Speed: Very slow with 1469M shares float (44% of 3.34B shares)
Sentiment: Economic recovery theme
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