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Airasia broke the RM2.00 psychological support! It closed at RM1.86 at the end of the morning session. It may test the RM1.80 support soon.

The RM1.80 is a confluence of horizontal support, uptrend line support as well we the lower line of a downward channel. I believe that the stock should find its support at this level.

As such, it could be a good entry level for a long-term investment as well as trading BUY for a technical rebound.


Chart: Airasia's monthly chart as at Jun 11, 2015_12.30pm (Source: ShareInvestor)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Airasia.


AIRASIA (5099) - Airasia: It broke the RM2.00 mark!!!  

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