RHB Retail Research
Trading Stocks - Systech
Systech broke past the MYR0.23 resistance level, with a spike in trading volume. Notice that, since 17 Sep, it underwent a price consolidation. With the latest breakout, we believe the bullish momentum will prevail. If it trades above the resistance level, expect it to test the next resistance level of MYR0.26, followed by MYR0.29. A downside breach of the MYR0.21 support point would nullify this expectation.
Source: RHB Securities Research - 22 Oct 2020
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