Kenanga Research & Investment
Highlights / Stock Picks of the Day - Systech Berhad (SYSTECH) – Take Profit
To recap, we issued a ‘Trading Buy’ call on SYSTECH with Target Price of RM0.39 on 27 March 2015. The share price hit an intra-day high of RM0.39 yesterday with above average daily trading volume. Thus, we are now calling for ‘Take Profit’ as our target price has been achieved. Additionally, both Stochastics and RSI indicators are in overbought territory, suggesting upside could be limited from here. However, we might re-look the stock shall the share price consolidate towards our comfortable level of RM0.36 to neutralise its overbought situation.
Source: Kenanga
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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....
