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Thursday 13 September 2012

AirAsia Bottom?



AA has been dropped started from 07-07-2012 after hit the highest at RM3.85 on 06-07-2012 based on YTD 2012.  Today it hits the lowest at RM 2.82 and closed at RM 2.95 which is 3 cents above opened price at RM 2.92.  This counter is the most active today.  AA keep falling because of foreign investors dumping?

Based on the chart, today should be the bottom enough? and it should start to rebound tomorrow?  I believe it will rebound because today we can see the long hammer form from the chart.  Let's see how it perform tomorrow.

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