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Air Asia with a confirmation white candle after support hammer

Written By Unknown on Friday 14 September 2012 | 8:38:00 pm



 Brave words for Tony Fernandes that Malindo wont cause much issue with them for the domestic flights in Malaysia







Let check the Chart for Air Asia






ndicators
1 ) Trendline - Below the bearish trendline and touching (Bearish)
 2)  Support/Resistance - formed Lower Low ( Bearish)
3) MACD -4R1G signal ( Bullish)
4) RSI - Still below 30% but trying to break 30% . If break it will confirm the bullish
 5) STO - Still below 20% but trying to break 20% . If break it will confirm the bullish
6) Ichimoku -  a) Below support cloud (Bearish ).
                       b) Conversion line below the base line (Bearish ).
                       c) Price below the baseline ( Bearish )
7) Candlestick - White Candle after a bullish hammer  ( Bullish)
8) Volume - Buying Pressure is a bit higher than selling pressure 
 


Conclusion:
Bearish  -
Safe Investment - Break above 3.1

Next Resistance at 3.1 / 3.2/ 3.28/ 3.34 /3.48 / 3.54
Support at 2.88/ 2.75 / 2.68


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