AirAsia has been getting less attention after the bullish trading recently, the stocks price and volume are decreasing marginally these few days. From the looks of the technical indicators, it will be trending downwards for consolidation.
Looking at the MACD is crossing down, Price is hitting 20days MA, RSI lower, Stochastic pointing down.
Overall i am thinking this stock going to consolidate a little, however giving the future prospect i would suggest a buy on price RM3.00-3.05 range, and hold for 3-6months. The recent oil price turbulence is expected to ease and maintain around $110-120 per barrel, according to bloomberg news analyst, if nothing major happens.
Looking at the MACD is crossing down, Price is hitting 20days MA, RSI lower, Stochastic pointing down.
Overall i am thinking this stock going to consolidate a little, however giving the future prospect i would suggest a buy on price RM3.00-3.05 range, and hold for 3-6months. The recent oil price turbulence is expected to ease and maintain around $110-120 per barrel, according to bloomberg news analyst, if nothing major happens.
No comments:
Post a Comment