A bullish breakout pattern for HaiO, one of the solid Malaysia company, which harness the power of MLM for business expansion, is doing well in recession market.
Looking at the long term chart from 1999 till now (29 September 2009) on monthly candle, HaiO showing a classical bullish cup and handle breakout, with a target price of $7.
Please note that the current market only have little room to go up and the risk is relatively high. A target price of $7 should be achievable if the overall market, such as the Dow, ShangHai, are continuing to trend up.
Till now, happy and cautious trading!
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