AIRASIA still have not got any signal for take off ..

Well look like Airasia need to stay at the airport longer before taking off ..  On Nov 16, it broke the support at 2.94..

Indicators
1 ) Trendline -  Formed a downtrend after breaking the support..
2)  Support/Resistance - Formed lower low  ( Bearish )
3) MACD - 4r1g negated..  (Bearish )
4) RSI - Broke above 30% but after breaking below the support it retrace below the 30% again   (Bearish )
5) STO -K% Drop below 20%  (Bearish )  
6) Ichimoku - a) Below the support cloud . If break above it will indicate bullish (Bearish)
                       b) Conversion line below the base line  (Bearish) 
                       c) Price below the baseline (Bearish)
7) Candlestick -  Separating Lines which confirm the Bearish Continuation.. (Bearish) What is separating lines.. Click here 

Conclusion:
Bearish-  It did not manage to rebound and break above 3 to confirm the MACD 4R1G signal ( Bullish Reversal) but it negate it after break 2 supports at 2.97 and 2.94. With the candlestick separating lines it shows that it is a bearish continuation (Weak) and we only can buy if it breaks the bearish by break above the downtrend line which is at 2.97 on Nov 19 2012

Counter Trend Style 

Previous Entry Price FAILED on Nov 16

                                                                                             

Entry Price at  3.02 ( Closed at or above it) FAILED (Did not reach and broke the next support) 
Stop Loss at 2.96                                           
Take Profit at  3.08                       
Risk to Reward Ration  (RRR) =1(Average)
                                                                   
Entry Price at  3.02 ( Closed at or above it) FAILED (Did not reach and broke the next support) 
Stop Loss at 2.96             
Take Profit at  3.17            
Risk to Reward Ration ( RRR) =2.5  (Slightly Rewarding)
                                             
Entry Price at  3.02 ( Closed at or above it) FAILED (Did not reach and broke the next support) 
Stop Loss at 2.96
Take Profit at  3.27
Risk to Reward Ration ( RRR) =4.17 (Rewarding)

    

 



New Buy Call  on Nov 16
Entry Price at  2.98 ( Closed at or above it) - Break above the downtrend line 
Stop Loss at 2.92
Take Profit at  3.08
Risk to Reward Ration ( RRR) =1.67  (Average)

Entry Price at  2.98 ( Closed at or above it) - Break above the downtrend line 
Stop Loss at 2.92
Take Profit at  3.17
Risk to Reward Ration ( RRR) =3.17 (Rewarding)

Entry Price at  2.98 ( Closed at or above it) - Break above the downtrend line 
Stop Loss at 2.92
Take Profit at  3.27
Risk to Reward Ration ( RRR) =4.83(Rewarding)


Resistance - 2.94 / 2.97 / 3.01 /  3.1 /  3.19 / 3.3  / 3.43

Support      -   2.89/ 2.85 / 2.8