Tuesday, August 2, 2016

Technical Analysis Aug 2016: HAIO (7668)



HAI-O ENTERPRISE BERHAD

Observation From Chart:

HAIO forming higher high & higher low.

Will it breakout RM2.95 resistance level?

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

Immediate resistance @ RM2.95 level.
Subsequent resistance @ RM3.00 level.

Immediate support @ RM2.88 level.
Subsequent support @ RM2.86 level.

HAIO proposed share buy back again.
For more info, refer Bursa Malaysia website.

Source: www.bursamalaysia.com

Let's watch closely.

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