RHB Retail Research
Technical Analysis - Hai-O Enterprise
Hai-O Enterprise may climb higher after posting another white candle and leaving an upside gap. This upward momentum is likely to continue, given that it has posted a third consecutive white candle. A bullish bias may appear above the MYR3.45 level, with an exit set below the MYR3.21 threshold. Towards the upside, the near-term resistance is at MYR3.72. This is followed by the MYR3.91 level.
Source: RHB Securities Research - 2 Nov 2018
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