Systech Bhd (SYSTECH, 0050)

• Share price closed 4.41% higher at RM0.355 on Thursday.

• SYSTECH has formed a higher low at RM0.32 and has been trending up for the past 4 trading days.If this rebound is intact, it will head towards its 52-week high. Coupled with indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.37 (R1) and RM0.375 (R2).

• On the flipside, support levels are pegged at RM0.32 (S1) and RM0.315 (S2).

Source: Rakuten Research - 28 Apr 2023

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