A dominant player with over 80% market share of ESM. OPENSYS is mainly involved in developing and providing application software for the banks and insurance companies that enhances the productivity of their tellers, agents and intermediaries. Its proven software expedites the processing of insurance policies and claims as well as cheque and credit card bill payments, enabling financial institutions to offer a wider array of products and services to customers.
OPENSYS also pioneers the design and development of a class of non cash dispensing self-service kiosks called Efficient Service Machines (ESM) that accept deposits and payments using cash, cheques, credit and debit cards. OPENSYS also provides business process outsourcing, managed services and life-cycle maintenance services for a complete end-to-end solution that fulfil the ESM concept of efficient services.
A decisive breakout above RM0.375 will spur prices higher towards RM0.39-0.44 territory. With share prices holding decisively above daily and weekly major SMAs and supported by upticks in indicators, OPENSYS is poised to stage a strong breakout above neckline resistance at RM0.375 and advance further to RM0.39 (61.8% FR) and RM0.42 (double top and 52-week high) territory.
A decisive breach above RM0.42 is likely to spur prices higher towards our LT objective at RM0.44 (123.6% FR). Key supports are RM0.365 (38.2% FR) and RM0.355 (23.6% FR). Cut loss at RM0.35.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....