Wednesday, June 5, 2019

Technical Analysis June 2019: HAIO (7668)


HAI-O ENTERPRISE BERHAD 

Observation From Chart:

HAIO been retrace down from RM5.60 peak to RM2.30 (-58.7%)

Will it form strong rebound soon?

Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K trigger SELL call, pending confirmation.

Immediate resistance @ RM2.47 level.
Subsequent resistance @ RM2.58 level.

Immediate support @ RM2,21 level.
Subsequent support @ RM2.17 level.

Let's watch closely.

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