HAIO not looking good technically

>> Monday, August 2, 2010

HAIO open 4cent low to RM3.60, and currently staying at RM3.58. With this price drop, it trigger the 6 months strong support of RM3.62. Base on Fibonacci chart, its next support will be RM3.28.
Dividend yield 8% (Dividend=RM0.285, current price=RM3.58)is very attractive at the moment. Do remember that it the EPS drop again next quarter, we would never expect the high dividend this FY.

 Avoid this stock for the moment until its 1st Quarter financial result come out.  One who own this stock should watch out closely. Sell on strength.

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