AirAsia (5099) - Dropped sharply for the past 3 trading days from RM1.44 (7th Apr) high to RM 1.32 (9th Apr) close, approx. 8% declined. Looking to buy some at RM 1.27 when there is a sign of reversal/ rebound. Basically, I like the stock that have volumn volatility and the roller coaster price chart up & down swing. Look back at it 17th Mar till 6th Apr from RM 1.30 to RM 1.44, 10% gained, bit slow but can consider a good upward. Moreover, the company is aggressively expanding & diversify fast.
a. Flatbed premium seat - service enhancement
b. VietJet Air and AirAsia have forged a strategic partnership agreement with the launching a Vietnam-based low-cost airline. AirAsia had earlier acquired a 30% equity stake in VietJet Air. Offering low fares to grow travel and tourism in Vietnam and in the rest of the ASEAN region
c. Direct daily flight from Kota Kinabalu to Hong Kong, further expanding its international connectivity from East Malaysia.
d. Venture into healthcare business? Low cost hospital? Recently CEO Tony Fernandes went into the education sector by taking a 30 per cent stake in Kuala Lumpur Education City (KLEC)
Axiata (6888) - Consolidated from 3rd Mar till 9th Apr yo yo at RM 3.8 - 3.9. The longest the flat price the strongest explosion if the trend start either downtrend or uptrend. Wait for the movement & excitement to come yet with the signal.
Mamee (5282) - Steady uptrend from last year till now, every now & then reach a higher high. Food industry is a stable and low risk stock to hold I presume. Some retracement lately, cross the bollinger mid band shown still bearish at the moment. Buy at lower price should be a good strategy now.
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AirAsia run a risky business, but luckily with great efficiency. For a swing trader, it may be a decent one. But for those who want to hold position and anticipate capital appreciation... may be not. Furthermore it's forming head & shoulder pattern? (though not a typical one)...
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