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Saturday, 12 July 2014

OPENSYS: 12 July 2014, Saturday, 9.35am Singapore Time

OPENSYS: 12 July 2014, Saturday, 9.35am Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of OPENSYS listed in KLSE.

Exponential Bubble

At the end of a bull market, dead penny stocks such as OPENSYS will be speculated because there is Big Hands are not buying dividend stocks, blue chips and index stocks anymore.

OPENSYS is at final stage of pump, and the rush for exit will inflict pain to the late comers.

A large number of retailers and retail investors have been sucked in based on technicals and the hot rush for exit is coming soon.

OPENSYS, together with Malaysia Stocks and Equities Market, is making transition to bear market.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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