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.