wei giet Hong's comment on CAPITALA. All Comments

wei giet Hong
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AIRASIA (5099) - Technical Analysis
1) After 113 trading days consolidation phrase, AirAsia shares price breakout resistance level, RM1.667 and it reduced sharply and significantly on Jan 17, 2020
2) Then AirAsia shares price formed a descending triangle and have a breakout on Feb 27, 2020. Thus, we able to calculate the first level of downward satisfaction.
3) The first level of downward satisfaction:
-RM1.660 - RM1.120 = 0.54
-RM 1.120 - 0.54 = RM 0.58
4) AirAsia shares price meet the first level of drop satisfaction

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