DJ MARKET TALK: Maybank Rates Hai-O At Firm Buy; Targets MYR9.92
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0728 GMT [Dow Jones] STOCK CALL: Maybank Investment rates Hai-O Enterprise (7668.KU) at Firm Buy based on charts with upside targets at MYR8.45, then MYR9.92. Technical analyst Lee Cheng Hooi says stock of wholesaler, retailer, direct marketing firm well supported. Adds, positive crossovers of its chart indicators (like CCI, DMI, MACD, Stochastic and Oscillator) means stock could rise further towards upside targets. Stock last +1.7% at MYR7.07, having breached immediate resistance (yesterday's intraday high) at MYR6.99. Support eyed at MYR6.95, then MYR6.55; pegs stop loss at MYR6.53. (KPL)
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0728 GMT [Dow Jones] STOCK CALL: Maybank Investment rates Hai-O Enterprise (7668.KU) at Firm Buy based on charts with upside targets at MYR8.45, then MYR9.92. Technical analyst Lee Cheng Hooi says stock of wholesaler, retailer, direct marketing firm well supported. Adds, positive crossovers of its chart indicators (like CCI, DMI, MACD, Stochastic and Oscillator) means stock could rise further towards upside targets. Stock last +1.7% at MYR7.07, having breached immediate resistance (yesterday's intraday high) at MYR6.99. Support eyed at MYR6.95, then MYR6.55; pegs stop loss at MYR6.53. (KPL)