• GHL Systems Berhad (GHL) provides online transaction services with emphasis on payment and transaction processing and also is engaged in developing and selling in-house software programs, sale and rental of electronic data capture (EDC) equipment and its related software and services, inclusive of installation, training and maintenance. The Company operates in 4 geographical areas: Malaysia, Philippines, Thailand and China.
• Resumption of long-term uptrend. Recent healthy retracement has presented “Buy on weakness ” opportunity as s hare price is staging a strong rebound from 38.2% FR level or long-term uptrend on weekly chart, implying potential resumption of long-term uptrend. Moreover, a decisive claim back above 200-d SMA showed strong buying momentum. Noticeably, daily MACD, RSI and Slow Stochastic are heading north, indicating bullish sentiment. Hence, we expect to see higher price at RM1.04 (50-d SMA), RM1.12 (gap on 6 & 7 Aug 2015), with a long term objective of RM1.28 (52-week high on 15 May 15).
• However, breakdown below RM0.96 might turn buying sentiment. Next support is situated at RM0.94, with cut loss below RM0.92 (10-d SMA & Mid-Bollinger band).

Source: Hong Leong Investment Bank Research - 8 Sep 2015