Systech gets a second wind. Buy-ups happening in the last three hours of trading into today. Ichimoku 1H chart intact. Should be able to close 0.270 or higher looking at momentum.
Excellent showing the last four trading days - buyers are dominating sellers which saw its recovery from 0.21 on Dec 28. Recovery was almost immediate from there. Volume is not overwhelming which is a good sign, possibly indicating well-targetted purchases. Hovering at 0.27 means the stock is at its 61.8% level of the Fibonacci curve as it ploughs its way back to the 100% high of 0.305, which is its next level of resistance
Bad sign, breaking the Bollinger channel. Possibility of new lows. First support 0.27. This fails, 0.24, and subsequently 0.22 which is heavily oversold level. Monitor, guys.
SYSTECH BHD - CIRCULAR TO SHAREHOLDERS IN RELATION TO: (I) PROPOSED ACQUISITION OF 240,000 ORDINARY SHARES IN TALENTCLOUD AI SDN BHD ("TCAI"), REPRESENTING 80.0% EQUITY INTEREST IN TCAI, FOR "A TOTAL CASH CONSIDERATION OF RM14,400,000 ("PROPOSED ACQUISITION"); AND (II) PROPOSED DISPOSAL OF THE COMPANY'S ENTIRE EQUITY INTERESTS IN SYSCATECH SDN BHD, MOBYSYS SDN BHD, TECHCASYS SDN BHD, SYSCATECH INC. AND SYSCODE SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM6,604,605 ("PROPOSED DISPOSAL") (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")" AI is the trend now and also for the future and most important of all for the company's growth.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Dkk08
68 posts
Posted by Dkk08 > 2022-12-21 13:21 | Report Abuse
mm still zzzz