When IFCAMSC went up from 72 sen to 87.5 sen it fell to 81.5 sen (these are profit taking activities which is normal) and resume its uptrend to 91 sen... So when SYSTECH went up from 24 sen to 28 sen, it went back to 26.5 sen its support due to profit taking. Tomorrow it should resume the uptrend after the sellers are absorbed before moving towards the 31 sen level. The volume tells you that large funds are buying and you won't be wrong riding on this trend. Good luck brothers for tomorrow. Hope everyone makes a profit tomorrow.
( This is not an advise to buy or sell. Just trade within your own risk appetite. )
In addition, this company's fundamental is good judging from its ability to give dividend every year. Just keep it......I bought just now at 26.5 cents.
I am hoping SYSTECH will be the next IFCAMSC. Just look at IFCAMSC last year....from a 30 cent share to a 90 cents share. Now SYSTECH is only 26.5 cent and I am hoping at the end of 2015 it is going to be a 90 cent share. Possible?? Nothing is impossible if IFCAMSC can....SYSTECH can.
IFCAMSC got 483 million shares issued not counting the warrants...look at SYSTECH...only 317 million share issued. Less shares mean better potential to move up. And SYSTECH is going to move to Europe market and US. It is going international. Being the fastest growing IT company in Malaysia ( refer to my previous article ) it is a good candiate to surpass IFCAMSC in the future. The director is planning to move to Bursa mainboard in the future. Dividends are paid every year and balance sheet is healthy.
Those who still waiting for the price to come down might not get a chance to buy if the price move up too fast. So just buy some and keep for a longer term. Don't play contra as it take some time to climb up just like IFCAMSC. The quarter report is going to be out next month and CNY rally is coming. Cheers! Yamseng!
"At the one-year mark, the stock has almost tripled in share price from trading at just levels of 10 sen a year ago."
So in 2015 we expect better profit to come and the share price will triple again.....from 30 cents to 90 cents.... This is my target for SYSTECH long term.
@kimkowlee Everyone contribute to this forum. I am not the leader. hahaha... We are here to share information. As CNY is near the corner, the mentality of a CNY rally is coming is real. The CNY mood is slowly coming. Lets huat together. Quarter report also coming. Expect a good report from SYSTECH. I think the local funds are buying big yesterday. Lets see if the momentum is strong today as well.
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HuatRex
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Posted by HuatRex > 2015-01-13 15:42 | Report Abuse
@richkid thanks for sharing