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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.

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.