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Technical Analysis Jan 2015: AIRASIA (5099) 

AIRASIA BERHAD 

Observation from Chart:

AIRASIA (5099) retrace RM2.75 resistance level.

Will it breakout & close the earlier gap down ?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM2.75 level.
Subsequent resistance @ RM2.80 level.

Immediate support @ RM2.48 level.
Subsequent support @ RM2.38 level.

Let's watch closely.

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