• OpenSys (M) Berhad is engaged in providing solutions to the financial services industry in the areas of self-service machines and universal delivery systems and information technology (IT) services; and developing, assembling, manufacturing, selling, importing, exporting, letting out, hiring, leasing, financing, installing, altering, maintaining, servicing, repairing or otherwise deal in all kinds of computers, self-service machines, software application solutions and provision of related services.
• Since 11 Feb 2015, share price was in consolidation mode, inducing narrow Bollinger band. However, we see stronger buying momentum picking up pace yesterday. Bollinger band opens wider with a long white marubozu candlestick, coupled with high volume amid bullish oscillators (RSI and Slow Stochastics), share price is likely to hit RM0.41 and RM0.43, with a long term objective of RM0.485. Moreover, resumption of long-term uptrend is expected in medium term, as shown on weekly chart.
• However, immediate supports are pegged at RM0.38 and RM0.37. Cut loss at RM0.36.

Source: Hong Leong Investment Bank Research - 7 Apr 2015