Is Air Asia Ready to take off ..

Air Asia has been in downtrend since August after Malindo is competing with the Malaysia Domestic Flights by next year.

Indicators
1 ) Trendline -  Sideway trend between 2.8 and 3.19 
2)  Support/Resistance - Formed lower low  ( Bearish )
3) MACD - 4r1g (Bullish )
4) RSI - Broke above 30%  (Bullish )
5) STO -Bullish Crossover (Bullish )  If break above 20% will indicate more bullish
6) Ichimoku - a) Below the support cloud . If break above it will indicate bullish (Bearish)
                       b) Conversion line below the base line  (Bearish) 
                       c) Price below the baseline (Bearish)
7) Candlestick -  Bullish Engulfing.(Bullish )

Conclusion:
Bearish- 



Counter Trend Style 

Entry Price at  3.02 ( Closed at or above it)
Stop Loss at 2.96
Take Profit at  3.08 
Risk to Reward Ration  (RRR) =1(Average)

Entry Price at  3.02 ( Closed at or above it)
Stop Loss at 2.96
Take Profit at  3.17
Risk to Reward Ration ( RRR) =2.5  (Slightly Rewarding)


Entry Price at  3.02 ( Closed at or above it)
Stop Loss at 2.96
Take Profit at  3.27
Risk to Reward Ration ( RRR) =4.17 (Rewarding)

Resistance - 3.01 / 3.04 (20d Ma) / 3.1 /  3.19 / 3.3  / 3.43

Support      -  2.97 / 2.94 / 2.8

JCY closing to the entry price

Friendly reminder to watch this counter

E ( Entry) :0.78( Closed at or above it)

S ( Stop Loss) : 0.72

P ( Profit) :0.89

RRR (Risk to Reward Ratio) =1.83 (Rewarding)

E ( Entry) :0.81( Closed at or above it)

S ( Stop Loss) : 0.77

P ( Profit) :0.89

RRR (Risk to Reward Ratio) =2 (Rewarding)

Resistance at 0.82 / 0.91 / 1.01/ 1.06 

Support   at 0.74 / 0.7 / 0.65 / 0.615

Dayang potentially forming higher low

Dayang quarterly result is around the corner at  19 Nov to 23 Nov.. Will this the reason investor are grabbing this counter in confidence that it will perform better..

Indicators

1 ) Trendline - Broke above the downtrend line .. ( Bullish)
2)  Support/Resistance - Formed higher high and in progress of forming higher low ( Bullish) 

3) MACD - Formed 4R1G ( Bullish) . If continued with another green signal/ white candle will confirm more bullish
4) RSI - Retracing towards 50% (Bearish) , If rebound above 50% with a white candle on next trading day will confirm more bullish 

5) STO - Both signal are meeting each other above hte 20%. If bullish crossover  on next trading day will confirm more bullish
6) Ichimoku -  a) Price above  the support cloud ( Bullish)

                       b) Conversion line  above the base line ( Bullish)
                       c) Price close below the baseline ( Bullish)
7) Candlestick pattern - Bullish Engulfing (bullish). 

8) Company performance - Earning positive trend and positive dividend

Conclusion:
Bullish -


Support rebound play

E ( Entry) 2.23 ( Closed at or above it)  -

S ( Stop Loss) : 2.19

P ( Profit) :2.27

RRR (Risk to Reward Ratio) = 1 (Average)

E ( Entry) 2.23 ( Closed at or above it)  -

S ( Stop Loss) : 2.19

P ( Profit) :2.34

RRR (Risk to Reward Ratio) = 2.75 (Rewarding)

Resistance-  2.25 /  2.28 / 2.36

Support -   2.22 / 2.2 / 2.16 / 2.12