AirAsia Berhad (KLSE:AIRASIA) Malaysian Tourism on the Rise

AirAsia Berhad (KLSE:AIRASIA) Malaysian Tourism on the Rise

AirAsia Berhad (KLSE:AIRASIA) Malaysian Tourism on the Rise

  • Tourism Malaysia and AirAsia to promote tourism
  • AirAsia to launch China joint venture
  • Air Asia signs deal to launch new low-cost carrier in China
  • AirAsia X dedicates aircraft to remember late COO
  • AirAsia links up Sihanoukville with Kuala Lumpur
  • Intense turbulence injures five on AirAsia flight

AirAsia Berhad (KLSE:AIRASIA) Malaysian Tourism on the Rise Tourism Malaysia and AirAsia to promote tourism AirAsia to launch China

AirAsia Berhad (AirAsia) is a Malaysia-based company, which is engaged in the provision of air transportation services. The Company’s segments include Malaysia, Thailand, Indonesia, Philippines, India and Japan. It operates under AirAsia brand. The Company’s subsidiaries include AirAsia Investment Limited, which is engaged in investment holding; AirAsia Go Holiday Sdn Bhd, which is engaged in tour operating business; AirAsia Corporate Services Limited, which facilitates business transaction for AirAsia Group with non-resident goods and service providers; Ground Team Red Sdn Bhd, which offers special purpose vehicles for financing arrangements required by AirAsia; AirAsia (Mauritius) Limited, which provides aircraft leasing facilities to Thai AirAsia Co. Ltd, and AirAsia Aviation Capital Limited, which provides aircraft leasing services, among others.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 3.19.

The projected upper bound is: 3.63.

The projected lower bound is: 3.36.

The projected closing price is: 3.49.

AIRASIA BHD closed up 0.030 at 3.480. Volume was 45% below average (neutral) and Bollinger Bands were 6% narrower than normal.

Open       High       Low         Close       Volume
3.420      3.510      3.420      3.480      8,977,700

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period          50-period        200-period
Close:                       3.47                    3.14                  2.82
Volatility:                24                       28                     42
Volume:                   10,206,739      13,026,934      14,740,550

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
AIRASIA BHD is currently 23.4% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into AIRA.KL (mildly bullish). Our trend forecasting oscillators are currently bullish on AIRA.KL and have had this outlook for the last 48 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 38.3333. This is not an overbought or oversold reading. The last signal was a sell 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 66.18. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 2 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 41. This is not a topping or bottoming area. The last signal was a sell 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 1 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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