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What indicators that you mainly use in Technical Analysis (TA)?
Moving Average (SMA/EMA)
RSI
Stochastic
MACD
Ichimoku Kinko Hyo
Volume
Momentum
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Friday, 1 February 2013

AIRASIA - TA outlook and Idea

AIRASIA (5099)

Analyse and study chart.

Currently, price closed 2.78 (78.6% fibo ret)
There shouldnt be buy call at the moment with price is moving below 61.8% fibo fan..
When price moving above this fibo fan line, and at higher retracement line of 78.6%, then only consider to buy and resistance at previous high of 2.98~3.01 bottom red circle....
If breakout at 3.01, then expecting price to move in the upper red circle.

Lets observe whether it will form inverted Head n Shoulders or not..

Need to aware of hidden bearish divergence is in the chart..


Latest Announcement, EPF was acquired millions from the market..

However, based on Volume distribution, Sellers are still dominating..