AirAsia - is there any hope around?

Airasia stock price has been trading in a range for quite some time.

The share price is range bound since early 2019.

In fact, it seems to be having lower high and lower low.

Do no see any catalyst to move the share price for now.

We need to wait for a breakout before we enter.






Technical Chart: Heikin Ashi and MACD

The Heikin Ashi candle sticks also showing the share price is at the downtrend.

MACD is also at the negative terriroty.

This means that there is still downward momentum / pressure.

Uptrend sign has not show up yet.

Investors need to be patient before taking any position.






Happy Investing. 👦👩