sothye

AIRASIA - completed rounding bottom for potential +36% upside?

Long
MYX:AIRASIA   None
With completion of rounding bottom, it could do some pullback before resuming.
However, MACD still showing good momentum eventhough RSI is oversold.
Safer entry would be to wait breakout resistance after neckline

EP 0.910
TP 0.98 (+7%) , 1.10 (+22%), 1.24 (+36%)
SL 0.840 (-7%)

Speed: Very slow with 1469M shares float (44% of 3.34B shares)
Sentiment: Economic recovery theme

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