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Saturday, July 23, 2011

Air Asia Broke the historical resistance and flying



Look on how cool we are!! We are flying now and we just won another deal with Nippon Airlines ( Japan).. Soon it will be USA..











Observation
1) Trendline - Uptrend Bullish
2) Formed higher high - Bullish
3) MACD - Bullish Crossover ( Bullish )
4) RSI -  Broke up 70% (Bullish)
5) Sto - Bullish Crossover and break above 50% ( Bullish)
6) ADX - strong momentum and Bullish
7) Candle Stick - 2x White Candle( Bullish)
8) Volume Distribution - Selling Pressure is high at the last minute ( Bearish)
1 Points
     7 Points








Conclusion
Winner BULL


Entry Price 3.9 or 3.7 ( Retrace and go up again)
Resistance 3.88 and 3.99
Support 3.69



Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)


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