SYS Systems Limited Short-Term Analysis - November 14, 2023

Buy above 431 with strict stop loss of 423 and profit target at 444
In the current evaluation of Systems Limited, it is observed that the company is poised for an extension of its recent bullish correction. Consequently, a recommendation for buying is put forth as long as its trading above 431. To mitigate risks, a stringent stop loss at 423 is advised, with a targeted profit level at 444.

In technical terms, noteworthy developments include a bullish breakout of a resistant trend line on the hourly chart. Furthermore, momentum indicators on both daily and hourly time frames are exhibiting robust strength. The present objective is to approach its previous supportive trend line at 444, which is anticipated to assume a resistant role in the current market dynamics.