Feb 22, 2017

AIRASIA – Technical View

Stock Code: 5099

Airasia Daily Chart:airasia analysis

After rebounding off the EMA20 level, AIRASIA has broken out of the RM2.71 resistance level with improved volumes. The MACD Line has issued a BUY signal, but the RSI is slightly overbought. Price may trend towards the targets of the RM3.00 and RM3.30 levels. Support will be set around the RM2.57 level.

source: MPlus Research – 22/2/2017

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.