OpenSys (M) is poised to extend its upside movement after testing the immediate resistance with strong volume. We observed that trading volume has been increasing with the share price, showing that bullish momentum is growing stronger. If the counter breaks past the MYR0.445 resistance level, we expect a follow-through price action to test the next resistance level at MYR0.48, followed by MYR0.52. A fall below the MYR0.40 support level would invalidate the bullish expectation.
 

Source: RHB Securities Research - 27 Jun 2024