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Support Line

2017-07-26 thestar.com.my
SHARES of AirAsia X slipped into correction mode after peaking out temporarily at a 28-month high of 55 sen on May 22. The stochastic and the 14-day relative strength index appear ticking up from the bottom. Combined with the improving signal from the moving average convergence/divergence histogram rising towards the neutral line, prices may trade within a band, but with an upward bias. If there is a significant increase in the trading volumes, the momentum may pick up steam later.