Thursday, September 18, 2014

Technical Analysis Sept 2014: HAIO (7668)


Observation From Chart:

HAIO retest ascending triangle resistance.

Will it breakout the resistance?

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

Immediate resistance @ RM2.72 level.
Subsequent resistance @ RM2.74 level.

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

HAIO keep on perform Share Buy Back, till today Cumulative net outstanding treasury shares as at to-date is 3.3% of outstanding shares of the listed issuer.

Based on pass history, HAIO do distribute treasury shares as bonus issue.
So, how do you think about this round?

Pass history on HAIO dividend.

Do watch out upcoming AGM, perhaps will announce some good news conjunction HAIO 40th Anniversary. 

Let's watch closely.


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