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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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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