AmInvest Research Reports
Stocks on Radar- OpenSys (0040)
AmInvest
Publish date: Thu, 23 Jul 2020, 08:46 AM
AmInvest
0 9,386
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
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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