Haily Group is attempting to stage a bullish breakout after testing the immediate resistance.
RHB Retail Research (RHB) in a group today (June 27) said the stock printed a bullish candlestick yesterday, and is looking to cross above the MYR0.64 resistance level.
They observed that the 21-day SMA line is moving upwards, showing that the short-term trend is bullish.
If the stock breaks past the immediate resistance, it will travel towards MYR0.69, followed by MYR0.75.
However, a fall below the MYR0.57 support level would open the door for a correction.
OpenSys (M) is poised to extend its upside movement after testing the immediate resistance with strong volume.
They observed thattrading volume has been increasing with the share price, showing that bullish momentum is growing stronger.
If the counter breaks past the MYR0.445 resistance level, they expected a follow-through price action to test the next resistance level at MYR0.48, followed by MYR0.52.
A fall below the MYR0.40 supportlevel would invalidate the bullish expectation.
