Dec 26, 2009

Stock to Watch - Hai-O

KLCI-hai-o …….
Hai-O (stock code 7668 : Bursa Malaysia MainBoard) had on 23/12/2009 broken above the immediate  high of RM8.05  (12/11/2009) to reach a record high of RM8.19 before settled at day low of RM7.85.

Chart wise : Record high 

Price Direction ….. 
In view of  an increase  in market participation, the stock
could be expected to trade sideways in coming day(s) with
support at RM7.50 level. 

What to watch for ….
A turnaround of prices to close below RM7.20 level would
likely see a reversing direction in the stock.