DAILY TRADING STOCKS: AIRASIA

AirAsia’s rebound may continue if it closes above the 3-month high of RM3.70. A position can be initiated if that happens, with a close below the recent low of RM3.50 as stop-loss. The price target is the all time high of RM4.20, should  the RM4.00  resistance level be broken. A failure to break RM3.70 may invite selling. Supports are at the recent lows of RM3.35 and RM3.20.

Source: OSK