RHB Retail Research
Technical Analysis - Systech
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Systech may move higher after forming a long white candle and hitting its highest close in more than five months. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term. A bullish bias may appear above the MYR0.295 level, with an exit set below the MYR0.275 threshold. To the upside, the near-term resistance is at MYR0.33. This is followed by the MYR0.35 level.
Source: RHB Securities Research - 6 Aug 2018
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