Orgabio Holdings Berhad (ORGABIO, 0252)

• Share price closed 11.27% higher at RM0.395 on Thursday.

• ORGABIO broke out from its resistance level of RM0.385 yesterday with decent buying interests. It is now trading above all its key moving average lines, indicating its uptrend trajectory. Coupled with indicators showing uptick momentum, the share price is expected to propel higher.

• Resistance level is identified at RM0.445.

• On the flipside, support levels are pegged at RM0.285 (S1) and RM0.28 (S2).

Source: Rakuten Research - 16 Dec 2022