OPENSYS (M) BHDLong
OPENSYS (20/11/2020) towards ATH ?
The counter is riding major uptrend channel, and looks like forming an ascending triangle pattern. In H1, it shows a high volume which pushes the price up during last hour Friday (20-Sept), and looks like momentum will continue on Monday with Stochastic crossing up.
Resistance zone is around 0.680-0.715. Breakout of this zone could set OPENSYS to a new ATH journey with TP 0.765, 0.880, 0.975 with RRR 1:1.3. Failed to break 0.680 would bring the price to test support at 0.6 and 0.515.
The stock has small balance float (38% of 446M shares) about the same with its competitor like EFORCE (43% of 615M shares) or OMESTI (29% of 531M shares). This adds some speed factor to its price movement.
TAYOR
Resistance zone is around 0.680-0.715. Breakout of this zone could set OPENSYS to a new ATH journey with TP 0.765, 0.880, 0.975 with RRR 1:1.3. Failed to break 0.680 would bring the price to test support at 0.6 and 0.515.
The stock has small balance float (38% of 446M shares) about the same with its competitor like EFORCE (43% of 615M shares) or OMESTI (29% of 531M shares). This adds some speed factor to its price movement.
TAYOR
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