Technical Analysis July 2016: OPENSYS (0040)
OPENSYS (M) BHD
Observation from Chart:-
OPENSYS (0040) is consolidate sideway (within RM0.27 & RM0.315 range) since Oct 2015.
When will it breakout?
Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM0.315 level.
Subsequent resistance @ RM0.325 level.
Immediate support @ RM0.27 level.
Subsequent support @ RM0.26 level.
Upcoming Q2 result will be announced on August 2016.
Let's watch closely.
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