ORION (Not Rated)

• ORION declined by 0.5 sen (-2.33%) to close at RM0.210 yesterday.
• Chart–wise the share has been on an uptrend since early-September as buying interest resumed and brought the share to trade above all key SMAs.
• Coupled with the healthy key SMAs and higher-than-average trading volume, we believe the share could trend higher should buying momentum persist.
• Overhead resistance can be identified at RM0.230 (R1) and RM0.250 (R2).
• Conversely, key support levels are at RM0.170 (S1) and RM0.140 (S2).                                                                                                 

MFLOUR (Not Rated)

• Yesterday, MFLOUR fell 2.5 sen (-3.27%) to close at RM0.740.
• Chart-wise, we observed that MFLOUR could be entering into a retracement phase after the occurrence of a bearish MACD crossover on last Friday.
• We believe there may be more downsides as key momentum indicators such as RSI and Stochastic remain lacklustre after coming off from the overbought levels.
• Should selling momentum persist, we expect the share to retrace back to its support levels at RM0.650 (S1) and RM0.550 (S2).
• Conversely, resistance levels can be found at RM0.850 (R1) and RM1.000 (R2).

Source: Kenanga Research - 26 Mar 2019