OPENSYS VCP Setup In-progressAnother VCP setup in progress observed in OPENSYS.
C1: 31%
C2: 26%
C3: 10%
C4: 5% (Final contraction)
Right now is in final contraction, awaiting it to break 0.670 with volume.
QR is out, should be safe as QR should improvement in earning.
Need to aware on political status as this week will be the budget 2021 voting.
Market sediment is a bit weak today (24 Nov), seem like support is there at the MA line and another support at 0.60.
Disclaimer: Not buy call, just sharing on VCP Trading Strategy. Trade with own risk.
OPENSYS trade ideas
OPENSYS 20/11/2020- price tidak berjaye menembusi support 0.53 sebnyak 3 kali (strong support)
- price menghampiri downtrendline dengan kenaikan volume (kalau break, boleh set trading plan)
- stochastic dh silang
**Penafian: Kajian hanya untuk tujuan pembelajaran sahaje. Tiada " Buy Call" diberikan.
OPENSYS (20/11/2020) towards ATH ?The counter is riding major uptrend channel, and looks like forming an ascending triangle pattern. In H1, it shows a high volume which pushes the price up during last hour Friday (20-Sept), and looks like momentum will continue on Monday with Stochastic crossing up.
Resistance zone is around 0.680-0.715. Breakout of this zone could set OPENSYS to a new ATH journey with TP 0.765, 0.880, 0.975 with RRR 1:1.3. Failed to break 0.680 would bring the price to test support at 0.6 and 0.515.
The stock has small balance float (38% of 446M shares) about the same with its competitor like EFORCE (43% of 615M shares) or OMESTI (29% of 531M shares). This adds some speed factor to its price movement.
TAYOR
OPENSYSSaya dapat saham ni tadi, dan analisis untuk shorterm period. Sekiranya harga break harga 0.620, harga akan pullback to 0.615 sebelum ke lebih atau kurang 0.690 iaitu resistence. Tetapi di dalam analisis saya, saya akan melihat kedudukan kandel 4jam atau sejam untuk melihat price rejection sebelum membuat buy. Kedudukan buyer juga amat menggalakkan. Saya akan lihat pergerakan harga untuk membuat shorterm swing sebelum harga akan ditolak naik. Jangkaan saya dalam mencapai tp dalam 2 hari selepas harga entry.
OPENSYS - Medium Term Bullish if Break Tentative Falling TL
Please consider your own interpretation of Opportunity & Risk:
Opportunity to buy into weakness, approaching area of support.
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment advises to any parties. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan rujukkan dan pembelajaran sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
OPENSYS - Bullish Piercing FormationOPENSYS
Rst: 0.91/ 0.97
Spp: 0.86/ 0.825
Friday sharp bullish piercing formation not necessary will pump continue green candles next week, as the recovery is way too sharp, it will require retest to support at Fibo Ext 50% to 61.8% before thing can get solidify to move ahead.