Airasia and HKEX to announce quarterly report tomorrow

Airasia and Hong Kong Exchanges and Clearing (HKEX) are scheduled to announce their quarterly reports tomorrow. So, tomorrow is a big day to me as Airasia-ce and HKEX-CB make up a large part of my portfolio.

It is quite certain that HKEX result would be better than the last quarter. Analysts raise its target price to HK$181.95. Currently, HKEX is trading at HK$151.90. As for call warrants, it is trading at RM10.445. HKEX-CB up 5% yesterday and up another 8.5% today. Even though analysts are positive with HKEX, I think it is better to start accumulate HKEX-CB after a correction set in.



Referring to the chart, HKEX is near its resistance level at HK$155.56. If HKEX announces better-than-anticipated result, this resistance should be easily broken. I see a more significant resistance level at HK$168. So, i think HKEX would be trading within HK$155 and HK$168 within the next few weeks.

As for airasia, i think airasia will announce a good result. Today Airasia-ce rebounds 14%. After consolidation for a week, with a good result, airasia should be able to resume its upward momentum to the next resistance at RM1.66 within the next few weeks. For your information, Airasia-ce will expired in another 22 days. I think there would be not much catalyst for airasia except its tomorrow quarterly result.

Here is the link to my previous post about Airasia
http://cathoon.blogspot.com/2009/08/analysts-positive-on-airasia-placement.html

Tomorrow i will wake up early as i don't want to miss the thrill and excitement from HKEX-CB and Airasia-CE.

I love these feeling!

Ok, enjoy your trading.