Saturday, January 19, 2013

Technical Analysis Jan 2013: HAIO (7668)

HAI-O ENTERPRISE BERHAD

Observation From Chart:

HAIO keep retest RM2.50 resistance level.

Will it able break through?

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

Immediate resistance @ RM2.50 level.
Subsequent resistance @ RM2.70 level.

Immediate support @ MA20 level which is RM2.35 level.
Subsequent support @ RM2.25 level.

It's an entry opportunity if retrace down retest support level.
Do watch out the 6cent dividend which will be ex-date on Feb 6, 2013

Let's watch closely.

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