Possible for sideways breakout. SYSTECH-WA is potentially staging abreakout from its sideways channel, with anticipation of continuous improvementin both momentum and trend in the near term. Should immediate resistance levelof RM0.160 be broken with renewed buying interest, it may continue to lift pricehigher to subsequent resistance level of RM0.175. Note that the maturity date ofSYSTECH-WA is on 6 June 2029.
However, failure to hold on to support level of RM0.125 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 18 Jul 2024
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Created by PublicInvest | Nov 12, 2024