AirAsia is building another support base at above RM2.14. AirAsia began
the current uptrend since Jul 2010, when it rebounded across the key level of
RM1.28. Its uptrend accelerated when it finally confirmed the removal of the
RM1.66 resistane level in Sep. The stock hit a fresh historical high of RM2.26 in
late Sep, before encountering mild profit-taking activities in recent sessions.
Although it ended slightly off with a negative candle on Friday, it still closed at
above the key level of RM2.14, and near the 10-day SMA of RM2.17.
Mandarin Version : AirAsia Berhad : Current Congestion An Opportunity To Bargain Buy… - 11/10/2010
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