Trend Runner Trading Adventure

Technical analysis is the forecasting of market prices by means of analysis of data generated by the process of trading. Technical analysis relies on the assumption that markets discount everything except information generated by market action, ergo, all you need is data generated by market action. Let's join and discuss the technical analysis in depth on particular stock with the traders all over the world.

Wednesday 13 July 2011

Anyone lock the Airasia today?

Airasia hit our entry price today.  Anyone manage to buy it?  It is closing at our entry price, let's hope airasia fly high!  Everyone can fly!


Technically, Airasia is nice.  As you can see, the white candle today is supported with high volume (Bullish).  Furthermore, the ADX start to cross above 40 indicating the uptrend momentum become stronger.  MACD look good today, 4R1G indicating bullish.  Both RSI and STO signal look good (bullish).  Please sell half when the price hit RM3.65, and the balance aim for RM3.84.  Airasia support is at 3.50 and our cut loss is at 3.42 (2 pips below previous higher low closing).
Posted by XTrader at 02:13
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