AirAsia may rebound after its heaviest trade yesterday since its debut. A purchase can be made on a close above RM3.00, or otherwise above RM3.12, with a close below RM2.80 as a stop-loss. The price targets are RM3.45 and RM3.65. The stock will likely decline if the support level fails to hold, with further supports expected at RM2.70 and RM2.35.
Source: OSK
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