• Systech Bhd (formerly known as Viztel Solutions Berhad) is engaged in providing services of e-business solutions. Through its subsidiary (Syscatech Sdn Bhd), it is principally involved in the design, research and development, customization and implementation of Web-based solutions to variousindustries, such as direct selling, multi-level marketing (MLM) and retail.
• SYSTECH’s uptrend formed since 16 Oct 2014 is likely to persist for at least another 3 months. Despite recent retracement, uptrend is still intact as “Tweezers Bottom” pattern on daily chart signals potential restoration of uptrend. The white candlestick on last Friday, coupled with ‘hook-up” oscillators (RSI, MACD and Slow Stochastics), pointed to strong buying strength. Simultaneously, downtrend breakout in hourly chart provides ammunition to buying momentum.
• Further upsides are targeted at RM0.355, RM0.37 (daily Upper-Bollinger band), and RM0.395 (high on 27 Jan 2015). Immediate support is pegged at RM0.32 (10-d SMA). Cut loss below RM0.30 (50-d SMA).

Source: Hong Leong Investment Bank Research - 9 Mar 2015