RHB Retail Research
Trading Stocks - Hai-O Enterprise
Hai-O Enterprise may rebound further after it tested MYR2.18 support in the recent session. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR2.30 level, with an exit set below the MYR2.18 threshold. Towards the upside, the near-term resistance is at MYR2.47. This is followed by the MYR2.58 level.
Source: RHB Securities Research - 9 Jul 2019
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