Orgabio Holdings is set to rebound upwards as it bounced off the MYR0.375 immediate support yesterday on strong trading volume – printing a “White Marubozu” bullish candlestick. The positive price action above the 21-day average line is expected to persist towards the MYR0.40 threshold, followed by the next resistance of MYR0.435, ie the high of 19 Dec 2022. Conversely, the counter may reverse its direction if it falls below the MYR0.34 support, forming a “lower low” bearish structure below the average line.
Source: RHB Securities Research - 2 Feb 2023
Chart | Stock Name | Last | Change | Volume |
---|