Systech may rise higher, says RHB Retail Research

-A +A

KUALA LUMPUR (Sept 13): RHB Retail Research said Systech Bhd may rise higher after forming a white candle and hitting its highest close in nearly two weeks.

In a trading stocks note today, the research house said yesterday’s white candle can be viewed as a continuation of the bulls extending the rebound from Aug 30’s “Bullish Harami” pattern.

“A bullish bias may appear above the 41 sen level, with an exit set below the 38.5 sen threshold.

“Towards the upside, the immediate resistance point is seen at the 47 sen level. This is followed by the 50 sen level,” it said.