OpenSys’ sideways trading range may have resumed, says RHB Retail Research

OpenSys’ sideways trading range may have resumed, says RHB Retail Research
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KUALA LUMPUR (Feb 16): RHB Retail Research said OpenSys (M) Bhd’s multi-week sideways trading range may have resumed and may scale higher as it crossed above the 21-day simple moving average (SMA) line on improved volume in the latest session.

In a trading stocks note today, the research house said a positive bias is expected above 52 sen with resistance points set at 56.5 sen and 60 sen.

“This bias will cancel if 52 sen support fails,’ it said.