Orgabio Holdings Bhd (ORGABIO, 0252)

• Share closed 3.85% higher at RM0.405 on Wednesday.

• ORGABIO broke out from its resistance level twice at RM0.395 and RM0.40 with high buying volume. It has been on a short-term uptrend and trading above its MA 20 and MA 50 lines. Coupled with indicators showing uptick momentum, share price is expected to trend higher.

• Resistance levels are identified at RM0.435 (R1) and RM0.445 (R2).

• On the flipside, support levels are pegged at RM0.39 (S1) and RM0.345 (S2).

Source: Rakuten Research - 9 Feb 2023

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