AirAsia X Bhd
’s recent share price movement has taken on a bullish flag formation, which could signal a return to a rally in the near-term.
Based on the daily price chart, the share could be halting the decline if it finds support at the RM2 level.
On the upside, the share is looking at surpassing the recent high of RM2.27 and arriving at a 2023 high of RM2.49.
The slow-stochastic has descended to 27 points but the 14-day relative strength index (RSI) remains bullish at 59 points.
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