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.
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