April 16, 2012

Stock Overview - AIRASIA - 16 Apr 2012

Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: JUPITERPrice Call: BUYTarget Price: 3.74



AIRASIA ( 5099 : 3.46 ) : Targeting 3.74/stop loss 3.38

Description

Resistance : 3.57 3.74
Support : 3.37

RSI of 47
RSI is starting to recover

STOCHASTIC
It is on an upswing

TREND INDICATOR

Comment
Following the Double Bottom of 3.35, it is heading higher. Upside is likely to be capped at the overhead
trendline of 3.74

Trading Strategy
Buy. Stop loss is at 3.37

Source:Jupiter Securities Research 16 April 2012

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