Sign of Strength in the chart:
1. Reversal with high volume
2. NS in the background
3. Pullback to 20ma
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Price already break down trendline.
Price already entered daily Ichi cloud and future ichi is thin and green.
Weekly already oversold.
Therefore, OPENSYS is bias to go upside
1. Weekly uptrend EMA10> EMA30> EMA200. Expected the correction wave has been completed with a new uptrend coming after 50% correction.
2. H4, price broke the downtrendline, retraced at 0.618 Fibo level with a reversal signal (hammer then bullish candle).
3. Isaham rating 12.5 WAFV RM1.03, I3 ATP RM0.46
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
Trading Idea OPENSYS (19/02/2021)
- Buy on dip.
- Entry within the yellow zone (T2/T3).
- Target and stop-loss as drawn (fibo).
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
We observed the stock has formed a descending triangle structure. Next target probably limited upside (max potential +20% @ 0.640) before making a pullback and drop below support of the structure.
R 0.565, 0.610, 0.640
S 0.505, 0.480
This will be invalid if continues to break support @ 0.505, which break the triangle structure.
Speed: Fast with 169M shares...
OpenSys BO Pattern Analysis
Last RD on 9/12, resulting on surmountable selling pressure (Mr. Brahmal disposed 13M shares in open market)
Chart pattern analysis
Current Price: 53.5C
Down-side: 14% (@ 50.5C
Up-side (Pattern): 47% (@ 74C)
Up-side (52W High BO): 73% (@ 87.5C)
FA-wise last 3 qtr's posted increment of profit-revenue from 9%-41% showing that it is...
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...
