Technical Analysis Dec 2011: HAIO (7668)

HAI-O ENTERPRISE BERHAD

Observation From Chart:

23 Dec 2011, HAIO succeed breakout MA20 & MA50 resistance.

Mainly due to
After struggling for 8 consecutive quarters, the group finally posted pre-tax profit up to RM11.25m:-

Source
http://www.btimes.com.my/Current_News/BTIMES/articles/20111221212123/Article/index_html

The bull run will continue. How high will it go?

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

Immediate resistance @ RM2.00 psychology level.
Immediate support @ RM1.89 level.

Let watch closely.