$2.80 by 30-Nov-2016
target price: $2.80
in 273 days)
- price when predicted: $1.57
- current price: $2.75
- 84 days pass target date.
- Exceeded $2.80 on 15-Jul-2016
- Highest Price $3.30 on 19-Aug-2016
AIRASIA is potentially starting the journey to its historical high@RM$2.90 by December 2016. Along the way, the share price will need to break the following resistance level, which you could consider as your profit targets:
RM$1.615 (This was the consolidation period between 20/10/2015 to 26/02/2016
RM$2.016 (Price hover around this level 22/5 - 29/5/2015)
RM$2.200 (Price hover around this value between 20/3 -21/5/2015)
RM$2.90 (All time high in 26/12/2014 after which the share price plummeted by 73% to an all time low of RM$0.765 on 26/08/2015).
Hurry Now is the right time for you to ride trend when it is just beginning. Don't miss the boat especially if you are implementing "Trend Following Strategy" or "Momentum" as your trading strategy.
What are the evidences to support the above perspective?
1) Significant jump in the "Volumes" of trade during the last two days (Mon 29/2/16: 68,189000 and Tues 1/3/16:62,697300 as compared to 10 to 20 million share over the month of February 2016)
2) Price Breakouts above the SMA200 since yesterday. The SMA50 has cross-over above the SMA100 on 13 January 2016. Separation between SMA50 and SMA100 is widening and the SMA50 is approaching to cross-over above SMA200. For those traders looking to apply CANSLIM mInvestment Strategy by William J O'Neil - How to make money in Stocks: A winning system in Good Times and Bad, this it for you to jump in)
3) If you are using Technical analysis and Indicators to guide you to jump in the market at the right time, the commonly used MACD histogram has cross over the zero line the last 7 days and MACD Signals are above the Zero line and showing a strong trending upward.
4) If you trade using the classic "Turtle Trend Following Stratgey: introduce and taught by the famous rader Richard Dennis and Bil Eckhart, the price action has created a new 20 day and 55-day Higher Highs. So the trend breakout signal is confirmed and now is the time to get in.
5) If you trade using the GUPPY GAMMA Indicators, the trend shows clearly that both Short Term Traders and Long Term Investors are in agreement that the BULL Run is just beginning.
IN SHORT: Get in the beginning of this potentially explosive price trend and profit from it. Don't wait until the price is too high to maximise your profit potentials.