Tuesday, May 21, 2013

Technical Analysis May 2013: HAIO (7668)


Observation From Chart:

HAIO succeed break through RM2.45 resistance level with huge volume.

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K @ overbought stage.

Immediate resistance @ RM2.62 level.
Subsequent resistance @ RM2.67 level.

Immediate support @ RM2.45
Subsequent support @ MA20 / MA50 level.

It's an entry opportunity if retrace down retest support level.
Let's watch closely.

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