adamkhoosk

OPENSYS Trendline Support and Resistance

Long
adamkhoosk Updated   
MYX:OPENSYS   OPENSYS (M) BHD
Opensys almost come to the end of a triangle and soon we will know if it will breakout towards the North or South.

Fundamental wise, Opensys recently develop consecutive 2 quarter of increase gross profit and profit margin maintained at 12.8%.
Technical wise, previously i do analyze opensys currently developing volatility contraction pattern. Awaiting volume to enter to spike the price up. I believe Opensys will eventually breakout towards North than towards South...

What's your opinion? Up or Down? Let me know under the comment.

In stock market, we should never fall in love with a stock, if market prove that i am wrong, i am ready to cut loss and move on for next stock.

Disclaimer: Just a sharing towards technical analysis. Consult your stock remiser and buy at your own risk.

Comment:
The direction is going down. System trigger stop loss on 14 Dec 2020

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