Opensys (M) may soon move higher to test the resistance level RM0.39. The momentum indicator RSI is above 60%, and together with higher trading volume, we foresee that there could be a technical breakout. If this happens, it may climb towards the short-term target prices of RM0.41 and RM0.435. In this case, the downside support is anticipated at RM0.355, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout RM0.39
Target: RM0.41, RM0.435 (time frame: 2-4 weeks)
Exit: RM0.355

Source: AmInvest Research - 28 Apr 2020