RHB Retail Research
Trading Stocks - Opensys (M)
Opensys’ multi-week sharp retracement is showing signs of reaching an interim low, with price actions over the recent sessions pointing to a developing rebound. This is supported by the improving volume profile. A positive bias may appear above MYR0.565, with the next resistance levels pegged at MYR0.59 and MYR0.61. A downside breach of MYR0.54 would cancel this positive price forecast.
Source: RHB Securities Research - 7 Jan 2021
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