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Thursday, September 13, 2012

Stock Watch : AirAsia and UEMLand





AirAsia : Broken RM3.15, have to cut loss when it gapped down. This will be a falling knife and those hoping to catch a bottom will be disappointed. It is advised to wait for reversal signs as the next level will be RM2.85 and RM2.65. That is deep ... take a look at last Sept.




UEMLand : Last year Sept low at 1.54 ... so, that should be the level we will want to watch. Another falling knife as some funds are selling. The fear of GE is great now ...

Note : Do wait for reversal signs.

TEH

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