Synergy House - Cup and Handle Pattern
Synergy House, a furniture player headquartered in Setia Alam, appears to have formed a Cup and Handle pattern on its technical chart.
The company stands out despite the overall underperformance of the industrial products sector. Furniture exporters, including Synergy House, are expected to benefit from a stronger USD. Besides, the company has implemented AI solutions to enhance cost savings.
However, a major risk for the company stems from the default risk posed by one of its clients.
The company stands out despite the overall underperformance of the industrial products sector. Furniture exporters, including Synergy House, are expected to benefit from a stronger USD. Besides, the company has implemented AI solutions to enhance cost savings.
However, a major risk for the company stems from the default risk posed by one of its clients.
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