HAIO climbing slowly

Technical Outlook
This update is only base on technical outlook.
As soon as HAIO announce its 1Q11financial result, its share price slump to a low of RM2.85.
Immediately on the second day, it announced a final dividend of 10sen+single tier 4.5sen.
Share price has been climbing since then, and break above short term resistance RM3.16. Next resistance is RM3.60.

 I think the worse is over and the low of RM2.85 on 30/9/10 is a bottom. HAIO still a fundamentally strong company, as we should take this opportunity to ACCUMULATE.
Be alert for the short term price movement though.

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