Air Asia - Buying opportunity or Catching a Falling Knife?

5-Year Chart as at 21.08.2015

At the end of trading day, 21.08.2015, Air Asia closed at a 5-Year low of RM0.97.

Compared to the 52-week high of RM2.94, almost 2/3 is gone within a matter of few months.

Only time will tell if this is an opportunity to buy or a falling knife that cut your hand.