Opcom Holdings is poised for a breakout as it attempted to reach the immediate resistance of MYR0.56 last Friday – bouncing off its 21-day SMA line. If a breakout happens above that level, a bullish bias may emerge. Then, the positive momentum may follow through towards the nearest resistance of MYR0.595, followed by MYR0.645. Meanwhile, falling below the MYR0.515 support – below the average line – would see the stock head south.

Source: RHB Securities Research - 13 Sept 2021