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OPENSYS (M) BHD

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OPENSYS trade ideas

OPENSYS - possible limited upside inside descending triangleWe 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 float (38% of 446M shares) Sentimen: Bullish tech, probably due to its solar online marketplace venture ? TAYOR
OLong
by sothye
1
OpenSys BO Pattern AnalysisOpenSys 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 recovering from Covid-19 downfall. Business is always flowing in for OpenSys and due to that they gave out bonus issue for it shareholding on Oct 20 of 2 to 1. Based on recent news, OpenSys's buySolar gaining traction with big players of RE sector. If all indicators point north, potential other big players would join in as well but it all depends on Opensys itself to promote their platform. However, I could not deny that one of their directors trimmed out their shareholdings means something had just happened. Broken down deals, director taking profits to gear up for another buy up, who knows?. Nevertheless, chart pattern is obvious and if the trend follows, it will give potential more than 50% upside. Quite enticing, I know. I'm not giving any buy-calls to my fellow traders but try to dissect this on your own capability. Anyway, cheers! Last 3 quarter Revenue P/L Quarter Q Date Financial Year Announced Net% 23,890k 3,068k 3 2020-09-30 31 Dec, 2020 2020-11-23 41.3% 20,058k 2,574k 2 2020-06-30 31 Dec, 2020 2020-08-24 11% 17,229k 1,666k 1 2020-03-31 31 Dec, 2020 2020-05-18 9% Data Summary ROE: 18.47 P/E: 19 EPS: 2.77 DPS: 0.92 NTA 0.1500 Market Cap: 239.1M Recent News (09 Dec, 2020) Samaiden leverages buySolar platform to spur RE market >Signed a collaborative agreement with Samaiden Group Berhad (03 Nov, 2020) OpenSys (M) Bhd aims to register 10 service providers, banking and insurance partners >Target Dec 2020 (02 Nov, 2020) OpenSys’ buySolar platform gains traction among industry players >Signed a collaborative agreement with Solarvest Energy Sdn Bhd
OLong
by As_One
OPENSYS Trendline Support and ResistanceOpensys 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.
OLong
by adamkhoosk
12