Sunday 11 March 2012

HaiO : Back To Consoildation

(Posted On 4 March 2012)
Stock Name : HaiO (7668)
Group : Consumer Sector
Price (2 March 2012) : RM 2.21

EPS (30 April 2011) : RM 0.1421 (0.1421/2.21 = 6.43% Growth)

DPS (30 April 2011) : RM 0.075 (0.075/2.21 = 3.39%)

Fundamentally: HaiO is still making money despite the profits have been reducing. GrandPine Capital feels that the worse could be over.

Technically: I will accumulate this counter since it is in Section 'C'. For some conservative traders, they could wait for 'Classical Buy Signal' to enter the counter.

Cup With Handle: In Section 'C'
1) 10 Days Bollinger Band is narrowing (-12.82% as at 2 Feb 2012)
2) Volume is below 211,700 VMA[40] (40 Days Volume Moving Average)

GPMMA: Close above on 27 Dec 2012
 

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