ORNA (Not Rated)

• ORNA climbed 5.0 sen (3.62%) yesterday to hit RM 1.43.
• Share appears to have broken out from a 2-month consolidation after few failed attempts to break past the RM1.40 resistance level.
• Overall technical outlook is turning positive with the 20-day SMA had just crossed above the 50-day SMA and the MACD line being above the Signal Line
• Continuous positive momentum will push the share price towards the RM1.50 (R1) and RM1.65 (R2) resistance levels. Conversely, near term dips may be viewed as a buying opportunity with support levels at RM1.40 (S1) and RM1.33 (S2).

GFM (Not Rated)

• GFM jumped 3.0 sen to RM0.675 (4.7%) yesterday, accompanied by high trading volumes.
• Decisive breakout from resistance level near RM0.65, which was previously tested in September 2017.
• Overall technical outlook is positively biased, with key indicators in positive states – i.e. “golden crossover” of key SMAs, and uptrending display of MACD.
• Expect follow-through buying towards RM0.700 (R1) and RM0.775 (R2) further up. Downside support levels can be found at RM0.650 (S1) and RM0.600 (S2).

Source: Kenanga Research - 25 Jan 2018