PublicInvest Research
TECHNICAL BUY - OPENSYS (0040)
PublicInvest
Publish date: Fri, 07 Apr 2017, 09:14 AM
PublicInvest
0 10,987
An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
- Target price RM0.405
- Last closing price RM0.360
- Potential return 12.5%
- Support RM0.330
- Stop loss RM0.325
Possible for further upside. OPENSYS’s share price has been edging up and breaking away from a descending triangle pattern. Both bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance levels of RM0.365 be genuinely broken, it may continue to lift price higher to the next resistance level of RM0.405.
However, failure to hold at support level of RM0.330 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 7 Apr 2017
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Target price RM0.405
Last closing price RM0.360
Potential return 12.5%
Support RM0.330
Stop loss RM0.325
2017-04-07 10:54