Although the stock looks tempting, it still have not break out of the 30% RSI. I would suggest caution. The support level looks to be at 0.985. Until the RSI breaks out 30% RSI, the trend don't look good yet.

All in all Airasia is still a good stock to keep an eye out for. But thats all my opinion.

Sam, what you say is true.

However there is no signs of the oil price is going down or even stablising. Secondly Airasia just bought/lease a lot of planes and their are going to need fuel which i dont think they have hedge enough.

Plus somemore, MAS is finally start to get its act together with its EVeryday low price campaign and will draw a significant portion of passengers away from Airasia. All this hurt Airasia's bottom line.

I just checked the RSI and MACD, and the trend is not encouraging for short term speculators. I was expecting a breakout at RSI when it took a nose dive at the afternoon trade.

For long term investment, it may prove profitable once it begins its flights to UK, until then its hands off for me.

wow, nice one... But i think the traded volume is rather abnormal, smells like kena goreng. So i am sitting on the fence watching the show

Might not be a best best.. Our friend in Nigeria is getting attacks on oil pipeline. So it is even bet it will go up or down.
With the DJ heading south. It may not be the best idea
http://biz.yahoo.com/ap/080728/oil_prices.html

Better to profit little than suffer a lost, thats my principle.

wish you best of luck as DJ is having a rebound until 200 points

haha sitting on the fence and enjoying the show is good but no profit leh. If AA got good dividend yield of 4% can consider to jump in liao. The Dow Jones is +200 and oil is down to 118/barrel.

So can expect AA to start climbing.

Until it is a fact, it remains a speculation/opinion/rumour. It may or may not happen. As they love to say " Buy on rumour SELL on NEWS@

I like the AirAsia model and personally admire Tony Fernandez but fundamentally i think Airasia is taking a huge gamble in doing expansion is a recession time. I admit it is opening Malaysia to alot of new places with cheap air fare like India, UK, Australia and China.

But is it expanding too fast? Somemore it is branching off in many different areas like Tune Hotel and other things which is not related to air travel.

Also it is now talking about mergers with AirAsia X. Refer to http://biz.thestar.com.my/news/story.asp?f...12&sec=business

Does this mean there is some cashflow problem with AirAsia since it is so highly geared.

Plus the AirAsia Thailand and AirAsia Indonesia operation dont look so rosy in my own opinion.

In the end, it is still too risk opposed to potential gain. There are more easy cash cows out there.

This post has been edited by georgechang79: Jul 26 2009, 10:51 PM

AirAsia owe RM65mill payment due to MAHB which is causing AirAsia X to lose right to fly to Sydney and Seoul.
http://biz.thestar.com.my/news/story.asp?f...67&sec=business

I still think they are having cashflow problem which is why they are planing merging both together and sell of their excess planes. Also i think they are expanding into too many area at the same time.

Air Asia profit go down for the first quarter.

http://biz.thestar.com.my/news/story.asp?f...42&sec=business