Hai-O Enterprise crossed above the RM3.55 level in its latest session. Following its third consecutive white candle, it may experience a technical rebound above this point with a target price of RM3.72, followed by RM3.95. Meanwhile, it may turn sideways if it dips back below the RM3.55 mark in the near term. In this case, support is anticipated at RM3.28, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on technical rebound above RM3.55

Target: RM3.72, RM3.95 (time frame: 3-6 weeks)

Exit: RM3.28

Source: AmInvest Research - 2 Nov 2018