Synergy House furniture manufacturer
Synergy House Bhd (SYNERGY, 0279) has recently shown promising signs of upward momentum, breaking out from a one-week bullish rectangular pattern and reaching a new all-time high.
The stock’s white marubozu candlestick formation, coupled with the 20-day EMAs pointing upward, suggests a continued uptrend in the near term.
Analysts anticipate that this rising momentum will propel SYNERGY higher, potentially testing the next levels of resistance at RM1.38 (R1) and RM1.50 (R2). However, a stop-loss is advised to be set at RM1.10 to mitigate downside risks.
From a fundamental perspective, Synergy is favored for its business-to-consumer (B2C) focus, with a strategic aim to achieve a 70% revenue share by FY25, promising higher margins.
“Fundamentally, we like Synergy for its B2C focus, aiming for a 70% revenue share by FY25, which promises higher margins,” say analysts
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Moreover, the company stands out for its emphasis on design and online sales, leveraging AI-driven market insights. With expansion plans targeting broader product offerings and new markets like France, Synergy is well-positioned for future growth.
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