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Friday, February 11, 2011

AIR ASIA Testing Support at 2.7







Observation
1) Trend - Sideways
2) MACD - Formed 4G1R - potential bearish signal and red signal increase (Bearish)
3) RSI - Retrace to 33% and breaking the 30% barrier will indicate more bearish (Bearish)
4) ADX - Momentum weak - indicating sideway trend and the signal are kissing ( Sideway)

Conclusion
Support line at 2.7, Stop Loss at 2.66 to avoid until rebound..

If rebound Entry Price - 2.8 and Take profit at 3.04

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