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AIRASIA (5099) - Technical Analysis
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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
