Thursday, November 24, 2011

Technical Analysis Nov 2011: HAIO (7668)


HAI-O ENTERPRISE BERHAD

Observation From Chart:

HAIO consolidate between RM1.80 to RM1.90 level & forming bolinger band squeeze.

When will it break through the band?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call.

Immediate resistance @ RM1.90 level.
Immediate support @ RM1.80 level.

If breakout the squeeze,
strong resistance around RM2.02 or MA200 level.
strong support around RM1.73 level.

Let watch closely for breakout.

0 comments:

Post a Comment