vol dropped but price up.....so , its sustainability is a suspect....moreover ,it is ACE company dealing with Tech , it may swing up n down so fast that u just can't fathom its directions. Caution is the word for this type of company.
@bjgdila123 Now you are getting the hang of it....yeah...true...the share is slow and steady...then it will go very fast...you will not be able to catch it...just ask atuk...he experienced it....then it will rest...slow...flushed out some contra players and resume the uptrend.... just wait and see.
@mike owen Did you read the article and facts regarding SYSTECH? If not, just read it from SYSTECH lastest web site. SYSTECH is a multi-national company. They are targeting new markets in Europe and US. The potential is huge. That is the facts. Now the share is moving up....doesn't it ring any bells...? The quarter report is expected to be good. Investors are buying long term. Those who are still in doubts can wait until the share drop before picking. Maybe then it will be too high to pick.
@Mike Owen The target price are based on technical analysis. Refer to the charts provided by mwong3 earlier in the post. Of course some target price like 50 cents are just some rough estimate based on past results...For example last year 2014...SYSTECH was around 10 cents and it went up to 33.5 cents...tripled its price.
So in 2015 we have our target for SYSTECH to at least double its current price...now starting of the year it was around 23.5 cents..so doubled is around 50 cents. Each individual will have their own TP based on their risk appetite...how long can they hold? short, middle or long term?
And based on the performance of mobysys we are confident SYSTECH will rise further in 2015.
" Mobysys was ranked 57th (fastest-growing technology companies in the Asia-Pacific ) for chalking up 624% revenue growth over the same period. The company is a wholly-owned subsidiary of Systech Bhd, which was listed on Bursa Malaysia’s Ace Market in 2011"
Today making a u-turn from a high of 31 sen...huge profit taking....and due to UMA on IFCAMSC...SYSTECH dare not move or else also kena UMA. So today it drifted downwards due to selling pressure. Monday will see another round of selling in the morning as a follow thru. So lets see if SYSTECH can tahan. Those long term need not worry. Only contra players will be worrying as their shares will be ripe to sell. Don't be greedy..just take profit rather than wait for the losses. Can play a few rounds.
Resistance at 0.31 . If systech cant break this point it will retrace back to their first support level 0.245 but if systech break 0.31 it can go up until 0.45 . Right now is a critical . Hold cautiously (;
Sold 30 sen . Waiting to drop lit bit. Will accumulate back if price reach my target price. As I said it reach 0.29-0.31 . Few days profit take n systech will up < 0.31 sen. Ifca more 1.00 mark soon. Any weeknes pls accumulate . And I will. Trade with ur own risk.
The Group recorded RM2.614 million of revenue and a profit after taxation of RM1.040 million in the current quarter under review. Systech’s currently has two (2) operating subsidiaries, Syscatech, which is principally involved in the design, research and development, customisation and implementation of its proprietary software solutions to the members’ centric industry such as the direct selling industry and retail industry; and Mobysys Sdn Bhd (“Mobysys”), which is principally involved in the development of franchise software system, which is designed for the operational and management needs for organisations operating with franchise business models. Demand for the Group’s solutions are driven by the general economic conditions as well as the growth in both the direct selling industry as well as the franchise industry in the various countries that its solutions are being implemented. Its level of operating activities is determined by its number of employees as well as the complexity of customisation that its customers required. During the period under review, there were no factors or circumstances that significantly affected its revenue, costs or profit margins.
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