Wednesday, April 20, 2016

Technical Analysis Apr 2016: HAIO (7668)

HAI-O ENTERPRISE BERHAD 

Observation From Chart:

HAIO forming ascending triangle pattern,

Will it ready to breakout?

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

Immediate resistance @ RM2.57 level.
Subsequent resistance @ RM2.66 level.

Immediate support @ MA20 level.
Subsequent support @ RM2.52 level.

Let's watch closely.

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