From the Chart, it looks like Pelikan is going to shoot up for the second wave. As i am writing this post, this morning the price has gone up to 0.700 coupled with big volume. Thus, i strongly believe the second wave is coming.

To justify my buy call, the technical analysis shows that Pelikan has found its support at 0.600. This zone is also near the 61.8% Fibonacci level.

Secondly, after the first wave ended on 27 Sept 2013, the volume was reducing. Thus, the recent price dropping was just minor profit taking. More to come!

Thirdly, Stochastic shows a oversold signal.

i would suggest to buy for short term.

On 26 Sept 2013 and 17 October 2013 i have published two analysis reports on Airasia. I strongly suggested to buy in. Since then it has increased more than 12.5%.

The question now is can we buy at the current price or should we hold/sell for existing traders?

From my technical analysis , i notice Airasia has broken the uptrend tunnel. Thus , it will be very bullish. And it seem like has broken the 61.8% Fibonacci line too. As a result, Airasia price should be and will be heading to 50% Fibonacci line very soon.

However, both RSI and Stochastic has shown overbought signal. Thus , it may retreat a little bit before heading up. Thus, i would suggest to buy on any correction.

First  Target  Price : RM3.00

Second Target Price : RM3.120

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.