As you can see, Airasia looks like riding on an uptrend line or a tunnel. It has been touching the line for 3 times and it did rebound. Today it is the 4th time, I guess it will rebound too, and the down trend volume for the pass 4 days is relatively low and thus a shoot up soon is possible.
Furthermore, Airasia announced that they've received the GRANT OF INITIAL NO OBJECTION CERTIFICATE TO AIRASIA (INDIA) PVT LT which I believe is somehow a positive catalyst to move up the price.
Risk: If the Ringgit continues depreciating, it will hurt Airasia.
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