My personal view on this stock – potential upward reversal
- Buy signals triggered
- Last price > 20MA > 50MA
- 20MA crossed above 50MA
- MACD > Signal
- RSI > 50
- ADX > 20
- Increase in volume
- Current price : RM2.39
- Potential target price (for illustrative) : RM2.69 (+12.5%), RM3.04 (+27.1%)
- Potential cut loss (for illustrative): RM2.20 (-8.0%)
Mid term prospects appear challenging
Simple desktop valuation analysis – HAIO is valued at an indicative equity value (lower than the current price) of RM1.56 per share (applying a 25% discounting factor).
Some minor recent acquisitions by directors / substantial shareholders
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