Technical Stockpick - Airasia X Bhd
Thu, 09-Oct-2025 07:33 am
by Research Team • Apex Research

AAX (5238)
Last Price (RM)
1.69
Resistance (RM)
R1 — 1.830 / R2 — 1.950
Support (RM)
S1 — 1.590

Technical Commentary:

 

The stock found a firm bottom near RM1.23 in April before staging a gradual recovery. It then consolidated within a sideways range over the past five months, with momentum indicators staying constructive. The breakout above RM1.68 signals a renewed uptrend, establishing that level as a new support base. With sustained momentum, the next resistance levels are at RM1.83–RM1.95, while RM1.59 serves as immediate support.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.212894 4.246402
EUR 4.925348 4.934954
CNY 0.592662 0.593823
HKD 0.542079 0.546393
SGD 3.250847 3.276896