Systech is poised to scale higher after it broke out from a consolidation zone. The stock has been consolidating sideways below the MYR0.38 resistance. A breach above the resistance on strong volume would indicate that the consolidation phase has been completed. Riding on the renewed momentum, the stock should travel towards MYR0.42, followed by MYR0.45. In the event that it drops below the MYR0.33 support, this will negate the bullish setup.

Source: RHB Securities Research - 24 Aug 2023