Reviewing from the daily technical chart, SYSTECH’s stock price has been on pullback consolidation from previous high at RM0.620 down to as low as RM0.405 in 5 months where it was supported by the SMA200 line. Thereafter, the stock price moved sideway and rebounded to recent high at RM0.470. The short term EMA lines are turning around in order already while the medium term EMA lines are in the midst of turning around at crossing over juncture. The stock price is riding above all EMA lines where they are supported above rising SMA200 line at around RM0.425. This indicates that the stock price is preparing to resume uptrend along with its markup phase;
If the stock price could breakout and stay above RM0.470 for higher high with trending momentum and increasing volume, then let’s monitor for the next possible short-term targets around RM0.485, 0.500, 0.515, 0.535, 0.550, 0.580, 0.600, and 0.620. Long term investors may prospect for possible long-term targets to challenge around RM0.630, 0.700, 0.750, 0.830, 0.925, 1.12, 1.22, 1.31, and 1.40;
Should the new higher high beyond RM0.470 be successful, trailing stop with EMA20 or EMA30 line, or if the stock price were to pullback unexpectedly, put the short-term stop loss below RM0.440 or worst case below RM0.420;
Stock analyser shows fundamentally PFS9=7 indicates FA is quite good, and technically TAS20>55% indicates that the stock price may biased for further rebound and prepares to resume uptrend along with its markup phase;
SYSTECH BHD (SYSTECH, 0050) is listed under ACE market’s Technology Sector.
Principal Products / Services:
e-business solution, Cyber security solution, e-logistics solution.
Chart | Stock Name | Last | Change | Volume |
---|
Created by zaclim | Jul 22, 2024
Optimax Holdings Bhd has set its sights on an upturn in its result after a less than desirable year end This augurs well for the company and investors may want a piece of the boom
Created by zaclim | Jul 22, 2024
Total logistics solutions provider has been hit by freight rates that fell to pre-pandemic levels. Hopes are high that the company will recover and trend higher.
Created by zaclim | Jul 19, 2024
Integrated layer farming company Teo Seng Capital Bhd is garnering much attention as it has almost doubled in terms of share price in the past year. Shold investors continue to hold on to it?
Created by zaclim | Jul 18, 2024
Price rose to a 52-week high of RM1.45 as it posted more than 3-fold increase in its net profit 4QFY24. Now that the counter has trended lower, indicate a good time to consider investing in Superlon
Created by zaclim | Jul 16, 2024
Unisem (M) Bhd is slowly but surely regaining its lustre. All things are moving towards better days for the manufacturer of semiconductor devices.
Created by zaclim | Jul 15, 2024
Texcycle has been on the upcycle in terms of share price, touching a record high of RM1.49. It has lost some ground since its high but the counter is trending out recently.
Created by zaclim | Jul 15, 2024
Electronic manufacturing services provider ATA IMS Bhd has been trading higher in the last couple of weeks and looks to be able to sustain its upward momentum. Is it still time for investors to enter?
Created by zaclim | Jul 11, 2024
Kobay Technology Bhd is seeing upward traction again after trending lower since touching a year high of RM2.58. Can it surpass its recent high?
Created by zaclim | Jul 09, 2024
The company recently ventured into the manufacturing of power cables and wires following a takeover exercise of Central Cables Bhd.
Created by zaclim | Jul 09, 2024
OCK Group Bhd continued its upward momentum on anticipation of a record breaking year in terms of earnings. Can the good run be sustained?