KUALA LUMPUR (May 28): AllianceDBS Research said Opensys (M) Bhd had on May 27 gapped up to settle at the day’s high of 40. 5 sen (up 7 sen or 20.89%).

In its evening edition, the research house said Opensys crossed over the 20-day and 50-day moving average lines on May 27 after spending 4 days below the same 2 MA lines.

“The upside gap indicated the urgency to establish stock positions.

“Following the up close on May 27, the stock is expected to test a higher level again with an immediate hurdle seen at 41 sen.

“A rise above 41 sen should lift the stock to the next overhead resistance at 43 sen. The support is at 36 sen,” it said.

AllianceDBS Research said that a fall below 36 sen would put pressure on the stock down to the subsequent support zone of 32. 5 sen – 34 sen.

It said stock volume traded on May 27 was 39.8 million shares compared to the 3-month average volume of 1.98 million shares.