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Tuesday, June 28, 2011

AIR ASIA reach the top of the world already?



Have the Air Asia reach the top of sky already?  Ready for landing? Come on ladies let push it higher :)












Observation
1) Trendline - Uptrend( Bullish)
2) Formed higher high- ( Bullish)
3) MACD -Uptrend ( Bullish )
4) RSI - Retracing toward 70%(  Slight bearish - Maybe it is resting )
5) Sto - formed bullish crossover and waiting to break 80% (Bullish )
6) ADX - good momentum and bullish
7) Candle Stick - Spinning top( Undetermined waiting for the Bear or Bull not sure..)
8) Volume Distribution - Selling Pressure is more due take profit  (Bearish)






2 Points







       5 Points







Conclusion


Winner BULL

This is a critical point whether this stock will further go up or retrace because as we can observe many investor are taking profit
Entry Price 3.46
Take Profit  at 3.58 and 3.86
Support at 3.33

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



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