Thursday, October 20, 2011

Technical Analysis Oct 2011: HAIO (7668)


HAI-O ENTERPRISE BERHAD

Observation From Chart:

HAIO rebound from RM1.60 low.

As today, it retest MA100 level & closed at RM1.90 (+RM0.30)

Will it break through MA100?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K been trigger SELL call.

Strong resistant at MA100 which is around RM1.95 level.
Strong support at MA50 which is around RM1.78 level.

High probably will retrace down retest support before go higher.
Let watch closely.

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

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