Tuesday, May 9, 2017

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.

0 comments:

Post a Comment