As you can see, Airasia looks like riding on an uptrend line or a tunnel. It has been touching the line for 3 times and it did rebound. Today is the 4th time, i guess it will rebound too. and the down trend volume for the pass 4 days is relatively low and thus a shoot up soon is possible.

Furthermore , Airasia announced that they've received the GRANT OF INITIAL NO OBJECTION CERTIFICATE TO AIRASIA (INDIA) PVT LT which i believe is somehow a positive catalyst to move up the price.

Risk : If the Ringgit continues depreciating , it will hurt Airasia  T.T