Air Asia with a confirmatioAir Asia with a confirmation white candle after support hammer n white candle after support hammer

Air Asia with a confirmation white candle after support hammer

 Brave words for Tony Fernandes that Malindo wont cause much issue with them for the domestic flights in Malaysia







Let check the Chart for Air Asia

 

ndicators
1 ) Trendline - Below the bearish trendline and touching (Bearish)
 2)  Support/Resistance - formed Lower Low ( Bearish)
3) MACD -4R1G signal ( Bullish)
4) RSI - Still below 30% but trying to break 30% . If break it will confirm the bullish

 5) STO - Still below 20% but trying to break 20% . If break it will confirm the bullish
6) Ichimoku -  a) Below support cloud (Bearish ).
                       b) Conversion line below the base line (Bearish ).
                       c) Price below the baseline ( Bearish )
7) Candlestick - White Candle after a bullish hammer  ( Bullish)

8) Volume - Buying Pressure is a bit higher than selling pressure 

 

Conclusion:
Bearish  -

Safe Investment - Break above 3.1

Next Resistance at 3.1 / 3.2/ 3.28/ 3.34 /3.48 / 3.54
Support at 2.88/ 2.75 / 2.68