Thursday, July 10, 2014

Technical Analysis July 2014: HAIO (7668)


Observation From Chart:

HAIO forming higher high & higher low.

Seem like it's forming uptrend ascending triangle pattern?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM2.60 level.
Subsequent resistance @ RM2.65 level.

Immediate support @ MA20 / MA50 level.
Subsequent support @ MA100 level.

HAIO keep on perform Share Buy Back, till today Cumulative net outstanding treasury shares as at to-date is 3.22% 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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