OPENSYS surged 2.5 sen or 6.8% to close at RM0.39 yesterday on a heavy trading volume. While the primary trend remains intact, the share price managed to break out from its two-month resistance level, settling above all its SMAs. Technically, there appears to be a “white Marubozu”, suggesting strong buying momentum. The bullish bias was further showcased by all key indicators heading north. With that, we anticipate that the share price could retest its multi-month high resistance level of RM0.42. Hence, we are issuing a “Trading buy” with a target price of RM 0.42.

Source: Kenanga