Tuesday, August 6, 2013

Technical Analysis Aug 2013: HAIO (7668)

HAI-O ENTERPRISE BERHAD

Observation From Chart:

HAIO succeed break through RM2.80 resistance level with nice volume.

How high will it go?

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

Immediate resistance @ RM2.88 level.
Subsequent resistance @ RM3.08 level.

Immediate support @ RM2.80
Subsequent support @ MA20 which is RM2.72 level.

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

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