Technical Analysis May 2017: ORION (0079)
ORION IXL BERHAD
Observation from Chart:-
ORION (0079) succeed breakout bolinger band squeeze & go higher high.
How high will it go?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM0.40 level.
Subsequent resistance @ RM0.46 level.
Immediate support @ RM0.325 level.
Subsequent support @ RM0.28 level.
Higher high & higher low is confirmed, so uptrend will be resume.
Let's watch closely.
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