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Immediate support for AirAsia at RM3.20, says AllianceDBS Research

13 Jun 2017 21:21:05

theedgemarkets.com

AllianceDBS Research said AirAsia Bhd (AirAsia) had on June 9 traded lower to RM3.28 before closing off the day’s low at RM3.32 (down 2 sen or 0.59%).


In its evening edition last Friday, the research house said AirAsia continued to trade above the 20-day and 50-day moving average lines in the last 6 days.


“Given the recent share price behaviour, the stock is likely to move between RM3.20 and RM3.41 in the coming few days.


“A crossover of RM3.41 should see further price rise to the next overhead resistance zone, RM3.55 – RM3.60.


Read full story: theedgemarkets.com

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