AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 27 Nov 2020, 10:59 AM


Stocks on Radar- OpenSys (0040)

Author:   |    Publish date:

OpenSys rebounded from its low and surged higher to test the RM0.80 resistance level. Given that the RSI indicator is pointing upwards, coupled with high trading volume, we think that the bullish momentum will continue to travel towards the short-term target prices of RM0.85 and RM0.90. The downside support is anticipated at RM0.75, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.80

Target: RM0.85, RM0.90 (time frame: 2-4 weeks)

Exit: RM0.75

Source: AmInvest Research - 23 Jul 2020

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Chart Stock Name Last Change Volume 
OPENSYS 0.62 0.00 (0.00%)

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