Rakuten Trade Research Reports
Technical View - Opensys (M) Berhad
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Publish date: Wed, 14 Sep 2022, 09:53 AM
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To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Opensys (M) Berhad (OPENSYS, 0040)
• Share price closed 2.74% higher at RM0.375 on Tuesday.
• OPENSYS broke out from its resistance level twice yesterday at RM0.365 and RM0.37. The share price is currently trading above all its key moving average lines. Coupled with a bullish MACD crossover and indicators showing uptick, share price is expected to move higher.
• Resistance levels are identified at RM0.375 (R1) and RM0.385 (R2).
• On the flipside, support levels are pegged at RM0.35 (S1) and RM0.345 (S2).
Source: Rakuten Research - 14 Sept 2022
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