BPLANT (Not Rated)

• BPLANT climbed 4.0sen (2.3%) to end on an intraday high of RM1.78, backed by stronger than average trading volume.
• Chart-wise, the share is trading above key SMAs while the momentum indicators are positive, potentially staging a shortterm bullish run.
• Expect the short-term bullish momentum to lead the share towards RM1.85 (R1) with further resistance at RM1.90 (R2)
• Should the bullish momentum taper off, support levels can be identified at RM1.70 (S1) and RM1.65 (S2).

ORNA (Not Rated)

• ORNA rose 11.0 sen (6.7%) to close at RM1.74, accompanied by trading volume of 6.9m – above average volume of 1.4m.
• Amidst past two consecutive days of bullish price performance, the share has decisively penetrated through RM1.65 resistance level.
• Technical outlook is turning positive with MACD-Signal Line crossover and upticks in other oscillators.
• Expect continuation play to bring price towards RM1.83 (R1) and RM1.95 (R2) further up.
• Support levels can be found at RM1.65 (S1) and RM1.47 (S2).

Source: Kenanga Research - 7 Mar 2018