PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 27 Nov 2020, 11:04 AM


Technical Buy - OPENSYS (0040)

Author:   |    Publish date:

  • Target Price RM1.09, RM1.14
  • Last closing price RM0.960
  • Potential return 13.5%, 18.7%
  • Support RM0.920
  • Stop Loss RM0.850

Possible for further upside. OPENSYS is attempting to extend its current uptrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM1.03 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM1.09 and RM1.14.

However, failure to hold on to support level of RM0.920 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 7 Oct 2020

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Chart Stock Name Last Change Volume 
OPENSYS 0.62 -0.005 (0.80%) 5,812,700 

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