Thursday, May 29, 2014

Technical Analysis May 2014: HAIO (7668)

HAI-O ENTERPRISE BERHAD 

Observation From Chart: 

HAIO forming higher high & higher low?

Rebound from support level? 

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

Immediate resistance @ RM2.51 level. 
Subsequent resistance @ RM2.58 level. 

Immediate support @ MA20 / MA50 level.
Subsequent support @ RM2.40 level.

Let's watch closely for rebound.

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