Wednesday, June 11, 2014

Technical Analysis June 2014: HAIO (7668)


Observation From Chart:

HAIO retest RM2.40 support level & rebound...

Forming uptrend ascending triangle pattern?

Other indicator:-
MACD bullish crossing.
Stochastic %K on BUY call itinerary.

Immediate resistance @ MA20 level.
Subsequent resistance @ RM2.58 level.

Immediate support @ RM2.40 level.
Subsequent support @ RM2.36 level.

HAIO keep on perform Share Buy Back, till today Cumulative net outstanding treasury shares as at to-date is 3.12% of outstanding shares of the listed issuer. Based on pass history, HAIO do distribute treasury shares as bonus issue. How about this round?

Pass history on HAIO dividend.

Let's watch closely.


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