Systech - 081211 MACD & Stochastic Analysis

 08 Dec 2011 11:32 pm

SYSTECH BHD
(Kuala Lumpur: 0050.KL )
Last Trade: 0.125
Day's Range: 0.125 - 0.13
52wk Range: 0.01 - 0.35
Volume: 2,339,300
Avg Vol (3m): 2,698
Shared Issued: 254,250,020

Let's us look in detail on this stock SYSTECH.

MACD showed convergence of 2 lines in Oct 11 signaling a bullish momentum till 23 Nov when the 2 line meet again before it went sideway. However stock quote has been suppressed & unable to make a breakthrough due to external deliberate factor.
2 Lines separated on the 5 Dec heading upwards again signaling bullish momentum again

Stochastic Chart showed 1st of Dec when the line meet at in over sold region. Soon after 2 line separated heading upward & never looked back. Buying momentum continue to be strong.

Why the stock is still not performing ? Is something big going to happened.

Summary : Potential Stock to put on the watch list. A Buy Call !


Disclaimer : Analysis is based of historical data, trend & tools. It was meant to provide additional information for investor's before making any decision to invest. This does not consider other factors eg: natural disaster, political..etc. Pls use your own discretion in making decision to invest.

By : Nasi Goreng | Category: KLSE Stock Technical Analysis | Comments [0]