We expect further upside in Orgabio Holdings after it gapped up and closed above the RM0.325 resistance (the horizontal line) yesterday. As the 20-day EMA is starting to turn upwards, this likely suggests that the upward momentum is picking up further. A bullish bias may emerge above the RM0.32 level, with a stop-loss set at RM0.29, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.36, followed by RM0.38.

Entry : RM0.32–0.335

Target : RM0.36, RM0.38

Exit : RM0.29

Source: AmInvest Research - 9 Sept 2022