Orkim Bhd breached the 21-day simple moving average (SMA) yesterday as it’s recovery gained speed after a week of idling.
Resistance level is at RM1.09, following which the share could break out towards it’s historical trading peak of RM 1.21.
The technical indicators are looking healthy, with the slow stochastic rising to 62 points and the 14-day relative strength index (RSI) increasing to 60 points.
The daily moving average convergence/divergence (MACD) histogram has charted a sharply higher positive bar, indicating the onset of strong momentum.
Support for the share is pegged at RM1 and 92 sen.
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SA11 – Upskilling and Reskilling Talents
SA12 – Foster Community Growth Through Education
SA13 – Strengthen Workforce Connection
SA14 – Enhance Customer Satisfaction and Service Excellence
SA10 – Promote Workforce Well-being, Health and Safety
SA6 – Climate Change Management
SA7 – Reduce Waste, Promote Recycling and Resource Recovery
SA8 – Minimise Water Consumption
SA9 – Protect, Conserve and Enhance Biodiversity
SA4 – Uphold Ethics and Business Integrity
