Thursday, July 25, 2013

Haio- uptrend to continue

Haio broke above its recent high at RM2.77 yesterday. With this breakout, Haio is likely to continue with its prior uptrend. Its likely target will be RM3.00.

Based on technical consideration, Haio could be a good trading BUY.


Chart: KKB's daily chart as at July 24, 2013 (Source: Quickcharts)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Haio.
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3 comments:

  1. JYThursday, July 25, 2013 5:23:00 PM

    Alex,

    QL broke out after staying in a rectangle for 2 years. What's your view and projection target price? Thx

    ReplyDelete
  2. Alex LuFriday, July 26, 2013 11:12:00 AM

    Hi JY,


    check out my article on QL shortly.

    ReplyDelete
  3. billyboyFriday, July 26, 2013 2:55:00 PM

    Hi Alex,

    Need some advice on HAIO.

    Is this a good stock for long term investment?

    Since its DY Is quite good. (5% at RM2.80).

    ReplyDelete