Oct 13, 2015

AirAsia May Climb Higher

Airasia Stock Code: 5099

airasia analysis

AirAsia  may  climb  higher  after  inching  above  the  MYR1.40  level, albeit  marginally,  to  touch  the  100-day  MAV  line.  Traders  may  buy as  a  bullish  bias  could  be  present  above  this  level,  with  a  target price of MYR1.60. The stock may consolidate if it cannot hold above the  MYR1.40  level.  In  this  case,  further  support  is  anticipated  at MYR1.20, where traders can exit upon a breach.

by RHB Research

The Company is a leading low cost carrier in Southeast Asia. The Group focuses on providing high frequency services on short-haul point-to-point domestic and international routes.