AmInvest Research Reports
Stocks on Radar - Orion IXL (0079)
AmInvest
Publish date: Tue, 09 Apr 2019, 08:59 AM
AmInvest
0 8,814
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Orion IXL has been consolidating sideways during the last few sessions, with an immediate resistance price of RM0.22. With an RSI above 50%, it may break the resistance level. If this happens, the short-term target price will be RM0.245. Meanwhile, it may lose its bullish momentum if it fails to break the resistance in the near term. In this case, support is anticipated at RM0.53, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on favourable consolidation above RM0.22
Target: RM0.245, RM0.27 (time frame: 2-4 weeks)
Exit: RM0.195
Source: AmInvest Research - 9 Apr 2019
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Joe Ng
0.53?!!
2019-04-09 13:12