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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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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