i wrote an analysis report on Airasia on 26 September 2013 and i strongly suggested a buy recommendation at RM2.560 at the time of the article published. It has since up near 10% as of today at RM2.810.
When i am writing this post , 10:40 am , the price is at RM2.810 and this is actually a breakout of the up trend tunnel. As a result, if the price manage to hold at or above this price by end of today, there will be a strong buy call again on Airasia and the near term target price should be RM3.00.
* This is solely based on Technical Analysis , no sentiment news is taken into consideration.
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