Bursa Malaysia Stock Watch
Haio may have a bullish breakout
kltrader
Publish date: Wed, 09 Jun 2010, 05:59 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Haio may have broken above its downtrend line resistance at RM4.10 today. This could signal the start of a recovery in the share price of Haio. Based on this, Haio could be a trading BUY.
Chart: Haio's daily chart as at June 9, 2010_4.40pm (Source: Quickcharts)
Warning: Global equity market condition is quite precarious with DJIA trading below 10000 over the past few days. Further weakness in DJIA could trigger more correction in our local market. However, it is good to note that most Asian markets were relatively firm over the past 2 days, which could indicate that they might have reached a temporary bottom.
Chart: Haio's daily chart as at June 9, 2010_4.40pm (Source: Quickcharts)
Warning: Global equity market condition is quite precarious with DJIA trading below 10000 over the past few days. Further weakness in DJIA could trigger more correction in our local market. However, it is good to note that most Asian markets were relatively firm over the past 2 days, which could indicate that they might have reached a temporary bottom.
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