AWC is my next target after Systech. Looks like doing well after the break out. It seems there are lots of speculation that is will be doing some merger and acquisitions...plenty of cash at hand. The future IFCAMSC if you got spare money to invest a bit longer term. Support is at 40 sen tp 70 sen in 2 months.
Systech's wholly owned subsidiary mobysys, becoming the sole Malaysian company making it into the list of the top 500 fastest-growing technology companies in the Asia-Pacific last year ranked by Deloitte Touche Tohmatsu Ltd in 2014. Mobysys was ranked 57th for chalking up 624% revenue growth over the same period.
Systech is a high growth technology stock in ACE market. Keep an eye for its future growth!
SYSTECH has formed a “Descending Triangle” chart pattern followed a consolidation mode over the past two months. We notice that the stock has started garnering investors' interest as depicted by the increasing trading volume. Indicator-wise, the Stochastic indicator has emerged from its oversold territory to suggest a potential breakout. RSI indicator is also showing signs of upwards trend. The current share price could be a good entry point, underpinned by the strong support formed over the past two months. Should there be a high volume (c.2-3x the 15-day average volume) traded in the next few days, it would trigger a technical bullish breakout, and thus could lead the share price resuming its previous uptrend. Hence, we are issuing a “Trading Buy” call on the stock with TP of RM0.39 (R1) with a strict stop-loss set at RM0.30 (S1). Resistance: 0.39 (R1) , 0.46 (R2), 0.50 (R3) Support: 0.30 (S1), 0.28 (S2), 0.25 (S3) outlook: Bullish
As long as Systech cant breakout from the 0.335 resistance (which has been dragging for weeks), then its difficult to fly to next TP of 0.39 or higher..
Airasia and export furniture companies (HEVEA, LIIHEN) have been traded heavily past few days.. Maybe these are good stocks to consider (buy and hold)? Any idea?
Today's buying is really aggressive...looks like the uptrend is going to continue for a few days. Hopefully will break 40 sen this week...Priva, Wintoni, AWC all breaking 40 sen....Systech's turn is coming!!!
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esl_22
1,719 posts
Posted by esl_22 > 2015-03-25 10:55 | Report Abuse
I guess this counter price will be around 0.310 - 0.330. We can play around that if we want.