Cyrogx6

NOW EVERYONE CAN TAKE PROFIT - AIRASIA

Short
MYX:AIRASIA   AIRASIA GROUP BERHAD
WEEKLY

AA has flew up 90Cents ! Are we able to sustain above the weekly resistance ?
Airasia is still trading in the zone and yet to show any sign of strong breakout

Market psychological traits
1. Vaccine is here - Airlines will restart
2. buy low as economy will recover soon
3. Airasia will be back to RM3

Airasia will surely do a pullback when the market digest this news
1. vaccine effectiveness
2. Airasia has still pending debts from customer, they have yet to refund customer on the flight cancellation.
3. Airasia profit will be use to sustain their losses from 2020


Psychological resistance : RM1

Comments

I agree on this. Too soon to say that a bullish reversal is here. Looking forward to price action at RM1
Reply
Thanks for the TA but are you from Asia? Airasia will soon become Trump Airlines so buying their stocks is like a 50/50 gamble. Good luck!
Reply
Cyrogx6 MichaelJason
@MichaelJason, Yes im from asia, and Fundamentally i would not touch Airasia Yet... their profit from food deliveries/Food chain outlet ( Santan) and BIgPay is trying to have airasia stay afloat.
Reply
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