OPENSYS has experienced a breakout above the RM0.345 level, accompanied by high volumes. The MACD Histogram has turned green, but the RSI is overbought. Price may rally towards the RM0.415-RM0.475 levels after a short pullback. Support will be located around the RM0.32 level.
Source: M+ Online Research - 28 Jan 2015 ------------------------------------------------------------------------------------------------------------------------- Opensys may trend higher after climbing above the downtrend line and MYR0.355 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MY0.405, followed by MYR0.42. The stock may drift lower if it falls back below the MYR0.355 level. In this scenario, further support is anticipated at MYR0.34, where traders can exit upon a breach.
0.405 done @9:43-9:45am, next resistance 0.43. Q4 result coming by end of Feb will be the next catalyst to break new high. P/s: dividend may announce for this quarter.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newbird01
248 posts
Posted by newbird01 > 2015-01-14 14:33 | Report Abuse
opensys will moving soon???