Stock Overview - AIRASIA - 4 May 2012

AIRASIA ( 5099 : 3.55 ) : Target revised to 4.00

Description

Resistance : 4.00
Support : 3.36 3.44

RSI of 59
RSI is in a buy divergence

STOCHASTIC
It is riding on an upswing

Comment
Following the strong upkick yesterday, we have revised the target to 4.00, from 3.74, on our buy call of 16/4/2012. The 4.00 level is the overhead resistance line, where it may attract profit taking.

Trading Strategy
Buy. Stop loss is at 3.36

 Source:Jupiter Securities Research 04 May 2012