Wednesday, December 19, 2012

Technical Analysis Dec 2012: HAIO (7668)

HAI-O ENTERPRISE BERHAD

Observation From Chart:

HAIO retest RM2.17 resistance level again.

How about this round, will it able break through?

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

Immediate resistance @ RM2.17 level.
Subsequent resistance @ RM2.28 level.

Immediate support @ MA50 / MA20 level.
Subsequent support @ MA100 level.

If able break throuigh RM2.17, higher high been formed.

HAIO just announced Q2 result & better dividend compare last year...
Source: http://www.theedgemalaysia.com/highlights/227563-hai-o-to-declare-higher-dividend.html

Let's watch closely.

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