HAI-O (7668)

HAI-O ENTERPRISE BHD today 18 July 2012 closes at RM2.10, day high RM2.10 and day low RM2.08. On 29 June 2012, HAI-O hit RM2.28 which is 4 months high since 10 Feb 2012. A strong profit taking had been run till date. It seems that this counter will be at side way moving unless another dividend declares.

Average supporting level has been setup at RM2.07. The resistant level will be RM2.25

The moving trend in this few days will be RM2.05 to RM2.18, and

S1 is RM2.07, S2 is RM1,98, S3 is RM1.89
R1 is RM2.16, R2 is RM2.25, R3 is RM2.34
 
This is a health care cum with multi level marketing (MLM) company. Most of their profits come from MLM. Since Malaysia Government imposes new rules for MLM, HAIO’s profit has been drop and it took at least a year time to recover profit and market shares.
 

Useful Data:

Close 18 July RM2.10 (RM2.08~RM2.10)

S= Support Level
R= Resistant Level
 

2012 Year Highest 19 January 2012 RM2.40

2012 Year Lowest 3, 4 & 5 January 2012 RM1.86