RHB Investment Research Reports
Trading Stocks - AirAsia X
rhbinvest
Publish date: Wed, 20 Nov 2024, 02:21 PM
rhbinvest
0 4,588
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
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Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
AirAsia X is eyeing to extend the bullish trajectory, testing the immediate resistance with high volume. The counter has printed a white candlestick and is poised to close above the MYR2 resistance. We observed that volume has been increasing in tandem with the share price, showing the bullish momentum is gaining pace. If a breakout happens, the stock may climb towards MYR2.15, followed by the MYR2.30 level. A fall below the MYR1.85 support opens the door for a correction.
Source: RHB Securities Research - 20 Nov 2024
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