SYS trade ideas
SYS – LONG TRADE (SECOND STRIKE) | 12 JULY 2025SYS – LONG TRADE (SECOND STRIKE) | 12JULY 2025
The stock previously trended downward in a pink channel but consolidated and formed a springboard (light blue channel). After achieving TP1 in our previous call, the stock has created a bullish structure, making this location a good spot for a second entry.
100 is a Very Important Support level.SYS Closed at 104.21 (05-06-2025)
100 is a Very Important Support level
that should be sustained on Monthly basis.
Immediate Resistance is around 114 & then
128 - 129. Crossing this level will make it
more Bullish with targets around 150+
But if it breaks 92, there would be more
selling pressure & next Support would be
around 82 - 83 then.
Weekly Closing just at Resistance!Weekly Closing just around Resistance
level (580), so a slight pressure may be seen, unless it
Sustains 580. If this be the case, 545 - 565 can be witnessed.
Bullish on Weekly TF & a perfect
Morning Star Formation on Weekly Tf.
Also, it has retested the previous breakout level
around 520.
Now it should Cross & Sustain 605-606 to continue
its Bullish Momentum & immediate targets can be around
650 - 655.
On the safe side, 596 - 621 Zone is a Resistance zone.
Re-Testing of Breakout Level around 520.Re-Testing of Breakout Level around 520.
If Weekly Candle Closes above 520 - 521, we may
expect an Upside towards 550.
Also there is Bullish Divergence so we may
expect that it will play this time & push the price upside.
On the flip side, 500 - 504 is the Channel Bottom.
and Remember, Once 650 is Crossed with Good Volumes,
it may expose New Highs targeting around 700.
SYS - PSX - Technical AnalysisOn daily time frame, price after defining a Higher Low of bull cycle is going up. A hidden bullish divergence has also played indicting that trend will continue. KVO also suggest that bull run is still on. TPs have been set using Fib.
Trade Value:
Buy CMP: 599.78
TP1: 679
TP2: 716
SL: 520
Very bullish Pak IT stock I'm very bullish on this Pakistani IT stock - the growth potential is immense for 5-20 years for long term holding
See sales growth & Profit margin and earning ratios - dps.psx.com.pk
Sales are to mostly foreign clients , therefore local currency and economic risk is manageable