Sharks playing a few rounds...from 39.5 sen to 42 sen ...then let go....to 39 sen ...push again to 42 sen...play a few rounds make enough...then only push the train...
@Stevenmargaret, Systech recorded a high of 0.395 on Jan 27 & Feb 5.. and this record was broken (breakout) on April 14 till today (hovering between 0.395 to 0.42) and for now 0.395 to 0.40 is the new support level for Systech & now testing to break the resistance of 0.41 to 0.42 ..
As to your question whether 0.40 is a good buy is difficult to answer.. based on today's buy/sell, most people take profit today (T+4, etc) where 2MIL sold @ 0.40.. 1.7MIL bought @ 0.405 & 800K bought @ 0.40.. I would say its Neutral/Hold..
whether Systech will go up from 0.40 to an uptrend will depend on tonite's US market (DJIA, SP500, Nasdaq & O&G) to know if by next Monday the price will go up..
Eventhough Systech is fundamentally a good company with great potential, but in stock market, we all know its driven more by people's Perception, Sentiments, Emotions, Rumours, News (good or Bad) that will dictate the movement of the price (Supply/Demand).
Another factor not to overlook is whether the "Big Supporters" (some call them Operators, Syndicate, Sharks, etc) continue to support this stock to bring it to a high level..
Either you can buy at 0.40 or lower today (0.395) & if tonite's US market is bullish, then it will move up to between 0.410 - 0.420 next monday.. otherwise, it will go down to 0.385 to 0.395.. Its just my analysis.. nobody can guarantee it..
Some of my friends here should be smiling now from previous frowning when Systech fell below 30s. Congrats. Happy for all of you. Occasional visitor here see see look look only. :)
for me i will wait..... it is forming another round.... if u can wait just wait.... dun wan to wait u can cabut..... up to you bro...... my advise only...
the 1st price i was trading this counter is 0.18.... then was hold off for few months@0.385 then cut loss then buy back until 0.41 i let go... have faith on it....
Just collect more as I foresee this is the best time to collect at cheaper price. QR expected to be good...so another push...maybe dividends will be declared...next month will be exciting for Systech.
This is a good counter to keep to keep for long term. From a low of 18 sen last year it went up to 40 sen this year doubled my investment...so I expect another good year next year hope to double my investment to 80 sen in 2016. Rather than I put in banks earning low interest in FDs.
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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....
keng88
2,776 posts
Posted by keng88 > 2015-04-16 09:45 | Report Abuse
next TP 0.45...