Saturday, October 16, 2010

Technical Analysis: HAIO Enterprise Berhad (7668)

From the chart, HAIO currently trade at RM3.22

Immediately support level RM3.20

On 22 Oct 2010, it form a doji candlestick, what's will happen on 25 Oct 2010 ???

If able breakup 1st resistant, RM3.24 (MA50). Let watch for 

2nd resistant, RM3.46

3rd resistant RM3.61**

RM3.61 may consider as quite heavy resistant, it might consolidate OR have solid reason just able break this point.

On 22 Oct 2010 HAIO has announced:- The Board of Directors of Hai-O wishes to announce that, Hai-O Properties Sdn Bhd, a wholly-owned subsidiary of Hai-O has on 22 October 2010 entered into a Share Sale and Shareholders’ Agreement with Sierra Equatorial Development Sdn Bhd for the purpose of entering into the business of property investment and development in Malaysia

Added, Final Dividend of 10 sen per ordinary share of RM0.50 each less 25% tax and a single tier dividend of 4.5 sen per ordinary share of RM0.50 each, ex-date 26 November 2010 .

Let watch closely for entry opportunity.


Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!


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