Airasia: When Cyclic meets Oversell and Tony makes a move Today is 25th Oct 2020 and as of today, whenever the cyclic meets bullish signal of stochastic(20) for this counter, without fail it is a good time to buy for a swing profit. These price trend are also at low risk as you could see strong support levels such as S1 and S1 which historically proven for years by this counter that every time the MA(20) agrees with the support level, it becomes a valid support level.
But what makes this weekend even more special is, Tony Fernandes had just secured a deal and 300M fund with the majority of it will go to OurFarm’s (its agriculture e-commerce platform) digital food supply chain and cold chain facilities in Sabah. Malaysians know, he can do wonders. I don't know about guys but I will start buying early morning tomorrow :)
Wish you all the best.
Airasia
AIRASIA - Can Tony's Statement Saves The Day?AIRASIA
Rst: MA50
Spp: 0.70/ 0.52
With today shooting star candle dropped below lower BB and plunging RSI, MACD, chance to head south is high, and potentially will extend towards 0.52.
AIRASIA - what is cheapest price for entry?MYX:AIRASIA closed at 0.705 today.
The cheapest price since Covid19 is at 0.50, so let us see if it will break below 0.70. If broken then next possible value is 0.60.
It's still not in Bursa's PN17 list and inverted hammer pattern was seen today. So 0.70 might be a strong support, but let see what will happen tomorrow.
AIRASIA - NOW EVERYONE SHOULD BUYThere is a quote say, "Buy when others people are fear, and sell when others are greed.
This is the right quote to describe the current status of Airasia. Since the lockdown period airlines and tourism industry are the most effected. As expected, Airasia 2nd QR result will indicate loss because they are not allow to fly anywhere, when they mainly business is FLYING PEOPLE. Lol.
However, bare in mind. Among other Airlines in Malaysia. Airasia is the most strongest Airlines with buck of cash reserved. Not just that, it has won 10 times straight for the best low cost airlines. Airasia price used to touch above RM3 in share price.
So the bad of QR Result mean is the best time for you to buy and invest in Airasia. Take it around 2 years, your price probably worth RM2, atleast!
So we are looking for Airasia to drop somewhere near 0.810, however reserved some limit incase it might drop until 0.730. If this happen, average down your price. That how you will manage your risk!
AIRASIA Hourly Chart Analysis on 5 July 2020AIRASIA 1 Hour Chart:
7/5/2020
Support : 0.835
Resistance : 0.940 , 1.00
AIRASIA remained above the mid-term support uptrend line that was formed on end-June with the support set at 0.835.
The momentum turned negative at last hour on Friday which should be focus recently but there was no sign of increasing volume.
Retrace back to uptrend line at around 0.88 could be happen and it needs to above the line or else the structure is hard to reverse.
MYX:AIRASIA
The RMCO has change the direction!The Malaysian government t 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.
AIR ASIA -TERBANG ATAS ANGKASA-la la suka hati..senang tradeOKEY INI BUKANNYA SIGNAL BUY...BUAT STUDY YE SO TA NAK BAGI CANTIK2 ...CUBA FAHAMKAN APA NAK SAMPAIKAN...MONITOR DALAM 2 MINGGU LAGI..FLY
The new seasons business for Airasia.Hello Malaysian traders,
Hoping that all of us are in good health, positive and stay focus. Currently, Airasia have announced that they will continue their business in these near days on the 29th April. If there is no new measurement taken by Malaysian government, Airasia flight will fill back the track and get busy. Some of my friends asking me, is't the right time to invest with Airasia. I just told them, don't invest but trade is much better.
Forecast that the trade will going up testing the new resistance. Or not, the trade will building a strong support 1st at current level price. Then fighting back to new levels.
I will try my best to update, if there any changing market direction.
AIRASIA - To See Another Selloff?AIRASIA
Trend: Bearish
Rst: 0.80
Spp: 0.705
Bounce limited to middle BB, and negative news today shall pressure the stock again tomorrow.
AirAsia "Now everyone can 'Buy'". Updated View On AirAsia (6 FEB 2020)
It has never been that dirt cheap.
Now we are seeing minor resilient acts from the bulls' side.
If the bull movement stays, we shall see massive short-covering rally soon.
Too late to short, Now everyone can buy lah.
AirAsia Boleh!
DYODD, all the best and read the disclaimer too.
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Thank You!
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AirAsia Bhd (5099)MYX:5099
Recently, AAGB has gap up due to the announcement of RM0.9 special dividend to shareholder. The Ex-date to entitle for that dividend is on 30-7-2019 which is still far away from today. Therefore, price fluctuation will be huge and no rush to enter yet to entitle for the dividend.
Currently, sentiment around the world has been bearish especially with the US-China Trade War catalyst in play. Expecting further downside for the DJI and followed by the KLSE.
In this AAGB chart, we could see that there's a potential bear flag forming after the substantial rise and followed by a HUGE DISTRIBUTION CANDLESTICK + HUGE SELL VOLUME! I am expecting a retest of around RM2.74 (Green Box) before a further upside to be seen.
Let's see how it goes within this week. Cheers.