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Monday, 29 December 2014

AirAsia: 29 December 2014, Monday, 1.35am Singapore Time

AirAsia: 29 December 2014, Monday, 1.35am Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the technical analysis of AirAsia listed in the KLSE (KLSE: 5099).
Six main points complete the full analysis as below:

1. AirAsia stock price coincidentally closed at critical resistance of $2.94 on 26th December 2014, Friday.

2. AirAsia plane QZ8501 lost contact and went missing on 28th December 2014, Sunday.

3. AirAsia stock price to gap down slightly more than -10%, stabilize and trade at $2.53-$2.59 after it resumes for trading.

4. Buy AirAsia stock when everyone sells on AirAsia air crash.

5. I will be using one chest of bullets to buy. This is how I will be buying:

a. Half of the bullets to buy at First Buy Zone of $2.53-$2.59.
b. Should Second Buy Zone of $2.14-$2.21 hits (with low probability), I will pour remaining half of my bullets in for buying.

Target price is illustrated on technical analysis chart above.

6. This selling wave in AirAsia will take merely 3 weeks to 2 months to dry up for a major rebound. Collect slowly because a major rebound in AirAsia will come in 2015.

Support AirAsia, the Malaysian air carrier that is remaining after Malaysian Airlines privatized.


LATEST (29TH DECEMBER 2014, MONDAY, 3PM):
My first batch of AirAsia stock buys had been triggered at $2.56 and $2.57, the mid-point of my First Buy Zone which is also the place where I pre-warned that AirAsia will open at slightly more than -10% plunge and stabilize. I will be using the 2nd batch (final batch) of bullets at $2.14-$2.21 should it ever come. If not, I will just sit and wait to make lucrative sums of profits money just like how I made it with track records in Malaysia Airlines live trades.

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