All the news are talking about airlines now.With cancellation of flight to cutting of personal to winding up of company all have relation to the cost of oil.
So oil is the major hindrance factor for this stock to fly up.
Technically Air Asia the mid term picture outlook is down but in short term picture though is up but she need more power to pass the 1st Traffic light. The power it need is the volume and its TA internals.
The for momentum trader look at 1st traffic light to pass through.If it pass the 1st TL then for quick trader take notice at 1.40.with break up to upside with bigger volume and its price range With minimal Po of 1.45 is it worth it to take the risk.Yes if you are the risk taker, young and agile with tons of money.
click chart to see the bigger picture
For mid term and oldies like me its better let all the dust settle first and then enter when the proxy is on confirmed uptrend
Better to protect money in the safe first.
isn't it the First rule of Buffet never To Lose Money
