Systech Bhd (SYSTECH, 0050)
• Share price closed 6.5% higher at RM0.245 on Wednesday.
• SYSTECH has broken out from the neckline of a double bottom formation at RM0.235 level with higher trading volume. Its share price also started trading above all its key moving averages yesterday.
• Provided it does not break below its support level of RM0.235, its share price is expected to move higher.
• Resistance levels are identified at RM0.260 (R1) and RM0.285 (R2).
• On the flipside, support levels are pegged at RM0.235 (S1) and RM0.210 (S2).
Source: Rakuten Research - 12 May 2022
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Created by rakutentrade | Nov 22, 2024