ORNA - Stock Code: 5065
• ORNA climbed 5.0 sen (3.62%) yesterday to hit RM 1.43.
• Share appears to have broken out from a 2-month consolidation after few failed attempts to break past the RM1.40 resistance level.
• Overall technical outlook is turning positive with the 20-day SMA had just crossed above the 50-day SMA and the MACD line being above the Signal Line
• Continuous positive momentum will push the share price towards the RM1.50 (R1) and RM1.65 (R2) resistance levels.
• Conversely, near term dips may be viewed as a buying opportunity with support levels at RM1.40 (S1) and RM1.33 (S2).
Ornapaper Bhd Daily Chart:
source: Kenanga Research 25/01/2018
ORNAPAPER BERHAD
The Company is an investment holding company which is involved in the manufacturing and trading of corrugated boards and carton boxes activities
