SYSTECH, SETUP H4buy 5/10/23
capital rm 15884
tp 30% rm 4765.2 --> rm 20649.2
sl 11% rm1747.24 --> rm 14136.76
Fundamental : turnaround company
−0.015MYR
−5.978MMYR
17.449MMYR
About SYSTECH BHD
Sector
Industry
CEO
Choon Teng Lee
Website
Headquarters
Kuala Lumpur
Employees (FY)
121
Founded
2002
ISIN
MYQ0050OO003
Systech Bhd. is an investment holding company, which engages in the design, research, development, customization, and implementation of web-based solutions. The firm operates through the following business segments: e-Business Solution, Cyber Security Solution, and e-Logistics. The e-Business Solution segment comprises of the software research and development; provision of the related software services; and trade in software related peripherals. The Cyber Security Solution segment offers cyber security software and hardware systems, and the related application and consultancy services. The e-Logistics segment consists of the business relating to mailing house, transport, design, and information system services. The company was founded on September 6, 2002 and is headquartered in Kuala Lumpur, Malaysia.
SYSTECH : Fill FVG gap and then....>> at OB area, RSI still OS, Watch out....
>> At FVG area, be careful of PB
>> Broken 510 and Hull MA, it may not look good.
>> Broken 490 consider GG.
>> Last support 470 area.
Risk reward worth?🤔🤔 Think about it.
When the market moves where, and how, and if - these are all unknown. The only th
SYSTECHSYSTECH - TF Daily
Nice view until wave complete
Still under up trend trending
Cup and handle become available
Wait until wave complete and above resistance line
No need to fomo and comfirm first before you start ENTRY
#TAYOR
#MFM.TRADER
SYSTECH break down trend lineThe price just break the down trend line. Macd golden cross and histogram turn to green.
Entry 0.320
SL 0.285
TP 0.390
Risk to reward ratio 1:2
SYSTECH: PULLBACK ENTRY- Cup & Handle Formation
- Assume currently working on Triangle Formation
- Target estimation based on ABC Wave assumption (Conservative).
- Volume Profile acting as support
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
Bullish For SYSTECH?Based on weekly chart, it looks like Systech forming a triangle pattern. Moreover, the price closed above last week closing price with the indicator shows a signal rebounding from oversold region. In addition, the stock forming a bullish engulfing pattern on daily chart.
Systech ready for Long??Systech is currently in range trading mode, between 0.315 - 0.335.
next target should be 0.410 and beyond.
SYSTECH L-H-HL-HHSYSTECH
17/03/2023
Current Price = 0.305
Target Price 1 = 0.355
Target Price 2 = 0.405
Stop Loss = 0.270
CnH patternPrice breaks above the handle. Current retracing a bit at Fibo 50% and hit new 52week high. Possible uptrend if break and maintain above 50% fibo.
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