Opcom Holdings Bhd (OPCOM, 0035)

• Share price closed 0.61% higher at RM0.825 on Wednesday.

• Opcom has been rebounding from the low of RM0.62 on 8 of March. It closed above MA 20 on 25th

March and is now trading near its MA 200 line. If share price manages to close above 200 next, we foresee stronger rebound in the mid-term.

• Coupled with its recent bullish MACD crossover and upticks in its indicators, its share price is poised to move higher.

• Resistance levels are identified at RM0.850 (R1) and RM0.915 (R2).

• On the flipside, support levels are pegged at RM0.640 (S1) and RM0.620 (S2).

Source: Rakuten Research - 31 Mar 2022