Opcom Holdings is eyeing an uptrend reversal as it bounced off its support in an attempt to move past the consolidation phase of MYR0.965 on stronger volume yesterday. If that level is breached – likely printing a “higher high” bullish pattern – the follow-through bullish momentum should drive the stock towards the resistance of MYR1.05, and then MYR1.12. However, falling below the MYR0.905 support may see the stock descend further below the 21-day average line.

Source: RHB Securities Research - 28 Dec 2021