Saturday, 2 June 2018
Funds Flow Analysis of AirAsia (KLSE: 5099): 2 June 2018, Saturday, 4.50pm Singapore Time
(Click on FFA Chart above to Expand)
Attached is the Funds Flow of AirAsia that is listed in the KLSE (KLSE: 5099). In the initial price fall from $4.00 to $3.70, markets tried to remain composed and remain supported. Then the short term market decided that enough is enough, and decided to dump heavily and flip into short-mid term outflow market. This turned the market for AirAsia to become an accelerated shortists'/sellers' market during the week of 7-15 May 2018. Even a strong rebound in price action to back-test the black support-turned-resistance trendline merely confirmed that the funds flow remained as a strong outflow and not back as funds flow inflow. Notice that thereafter this set the pace for accelerated fall for AsiaAsia. In the short to mid term, AirAsia remains a sellers' market. If you had shorted or sold at the flip, congratulations because the price bungee-fell rapidly from $3.70 to $3.00 on onset of the flip.