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.

I notice Oldtown is on a down trend for mid-term. I would not suggest to buy Oldtown for this moment until a breakout from this down trend tunnel happens which is when the price stand above 2.680.

Oldtown's PE is above 20 which is relatively high for me. You may Hold for this stock if you are a long term investor as Oldtown is expanding their business oversea aggressively.

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

Strong support line at 2.680. Both RSI And Stochastic also showing oversold.

Coupled with yesterday's quarterly report showing profit has increased 9%. I believe it's a good buy for Dialog now!.

Inari still in a beautiful uptrend support. Seem like it's very hard to break 0.860.

Very beautiful uptrend support line for Inari. A good growth company share price should grow following an uptrend support line. and this is it!! Couple with a near oversold signal by stochastic , i believe Inari will not go below 0.850 , if it was broken, it should rebound quickly.

In addition, i did a weekly chart analysis for Inari a couple days ago and spotted a hammer which also indicates a bullish is coming. The article can be found here :

http://moneynology.blogspot.com/2013/08/inari-amertron-technical-analysis-13.html

Hammer spotted! This indicates that the bulls are strengthening . This week gonna be a bullish week if no bad market sentiment..