Thursday, October 9, 2014

Technical Analysis Oct 2014: HAIO (7668)

HAI-O ENTERPRISE BERHAD 

Observation From Chart:

HAIO retest RM2.50 support level.

Will it rebound?

Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K @ oversold stage.

Immediate resistance @ RM2.55 level which is MA200 level.
Subsequent resistance @ RM2.60 level which is MA100 level.

Immediate support @ RM2.50 level.
Subsequent support @ RM2.40 level.

If unable sustain @ RM2.50, high probably it will retest RM2.40 level.

Let's watch closely.

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