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Full Throttle Ahead As Upside Momentum Continues To Dazzle (version 2)
 
Malaysia

Haio
 

Haio is showing signs of a potential upside revival as it has started to trade above its 20-day moving average with an increase in trading volume. The MACD trend indicator has started to inch up slowly and the Stochastic oscillator continues to trend upwards as well. Observations from these indicators suggest that upside momentum is building up. Given such positive configurations, Haio may see a rally towards the resistance at RM4.93. However a violation below the immediate support at RM4.36 may damage the bullish trend to see a sell-off towards the rising window gap support at RM3.85-RM3.77. 

 
 
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