KUALA LUMPUR (March 6): RHB Retail Research said OpenSys Bhd is eyeing to extend the upside movement after testing the 38 sen immediate resistance on Tuesday on strong volume — it is the stock’s fifth time hitting the resistance level since August 2023.

In a trading stocks note on Wednesday, the research house said that if a breakout occurs above this level, bullish momentum may accelerate to drive the stock upwards towards the 40 sen resistance level, followed by the next one at 41.5 sen.

“However, a fall below the 35.5 sen support would negate the bullish structure,” it said.