AmInvest Research Reports

Stocks on Radar - Orion IXL (0079)

AmInvest
Publish date: Tue, 09 Apr 2019, 08:59 AM
AmInvest
0 9,338
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Orion IXL has been consolidating sideways during the last few sessions, with an immediate resistance price of RM0.22. With an RSI above 50%, it may break the resistance level. If this happens, the short-term target price will be RM0.245. Meanwhile, it may lose its bullish momentum if it fails to break the resistance in the near term. In this case, support is anticipated at RM0.53, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM0.22

Target: RM0.245, RM0.27 (time frame: 2-4 weeks)

Exit: RM0.195

Source: AmInvest Research - 9 Apr 2019

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Be the first to like this. Showing 2 of 2 comments

Joe Ng

0.53?!!

2019-04-09 13:12

arcadicus

maybe aminvest gave hint orion will hit rm0.53.....??
lol...

2019-04-09 18:43

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