Rakuten Trade Research Reports
Technical View - ORION IXL BHD (ORION, 0079)
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Publish date: Tue, 14 May 2019, 10:16 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
ORION IXL BHD (0079)
- ORION closed 5.9% or 1 sen lower to RM0.16 yesterday.
- Chart-wise, the technical outlook of ORION remains positive as share price is still trading above the key moving average. Share price rebound from intra-day low of RM0.15 to close at RM0.16 indicating its support level. With the key momentum indicator showing signs of oversold, share price may set for technical rebound.
- From here, immediate resistance levels are expected at RM0.17 (R1) and further to RM0.19 (R2).
- Conversely, support levels are identified at RM0.155 (S1) and RM0.140 (S2).
Source: Rakuten Research - 14 May 2019
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