Systech Berhad develops computer software. The company markets software for multi-level marketing and direct selling industries that includes online ordering, stock replenishment, sale submission and bonus payment.
Since the sharp drop in share price from the peak of RM0.42 on 16 Apr 2015 to recent low of RM0.265, the stock is grossly oversold, indicating a possible reversal of retracement as “Pos itive Divergence” and “Morning DragonFly Doji Star” patterns on hourly and daily chart respectively point to upward trajectory. Noticeably, weekly oscillators (RSI, MACD and Slow Stochastics) show that share price is bottoming up amid strong buying strength.
Further upsides are targeted at RM0.32 (10-d SMA) and RM0.345 (23.6% FR), with a long-term objective of RM0.38 (Upper-Bollinger band). Supports are pegged at RM0.29 and RM0.28. Cut loss below RM0.27.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....