RHB Retail Research
Trading Stocks - Opensys (M)
Opensys showed signs of attempting to stage a rebound after it came in near to test the 200-day SMA line. Towards the upside, should the stock manage to cross above the MYR0.51 resistance, this would confirm the possibility of a rebound occurring. The subsequent resistance levels are marked at MYR0.535 and MYR0.565. A downside breach of MYR0.50 would negate this positive bias.
Source: RHB Securities Research - 13 Jan 2021
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