Recently bought TOMYPAK & AIRASIA

Not sure if this is the right time to buy stocks but I just couldnt resist and I bought TOMYPAK and AIRASIA this week. Here are the charts and the reasons for buying:

1. TOMYPAK

I bought this on Monday @1.70. Reasons:
1. it formed a hammer with high volume last Friday.
2. it hit the same level and rebounded.
3. Risk Reward Ratio at 1:2, I think this trade is rather safe. (I set my cut loss point at Friday low at 1.68. It hit my cutloss on Monday and yesterday but closed above it on both days. So I am still holding it and hoping to sell for a small profit @1.75. Moreover, when I look at the chart in a longer term, I know I have to follow my cutloss point strictly as the next support will be around1.53!)
4. Hopefully it bottoms out! (dangerous word - hopefully)

2. AIRASIA

 Bought this @3.08 around 3pm today for reasons opposite of TOMYPAK. Interesting combination of stocks. Let's try and see which one turns out a better deal.
Reasons for buying:
1. NICE trend
2. broke out of 3.00 with high volume - highest price in 3 years! Sky is the limit! (fingers crossed)
3. recently under spotlight and QR coming out soon (speculating on good news)
4. RRR at almost 1:2 (cutloss at 3.00 psychological level and take profit at 3.2)
Plan to hold this for short term. Ideally I should sell before QR is released.