Everybody is talking about Air Asia whether it will survive the crash land or not. It is still in progress but we it is still not clear
Observation
1) Trendline - Still remain below the Down Trend Line (Bearish)
2) HH - Previous Higher Low acting as Resistance Line and testing it but fail to break it (Bearish)
3) MACD - Still bearish and the Red Line still above the blue and without any 4R1G signal
4) RSI - Still bearish and now at 46%
5) ADX - At 31 point slightly above average momentum and bearish
Conclusion
Do not enter this counter yet as we have not see really any real reversal on this counter.
Entry Price - RM 2.85 with MACD histogram 4R1G signal
Observation
1) Trendline - Still remain below the Down Trend Line (Bearish)
2) HH - Previous Higher Low acting as Resistance Line and testing it but fail to break it (Bearish)
3) MACD - Still bearish and the Red Line still above the blue and without any 4R1G signal
4) RSI - Still bearish and now at 46%
5) ADX - At 31 point slightly above average momentum and bearish
Conclusion
Do not enter this counter yet as we have not see really any real reversal on this counter.
Entry Price - RM 2.85 with MACD histogram 4R1G signal
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