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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 6 Dec 2019, 9:18 AM

An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

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Technical Buy - CYPARK (5184)

Author:   |    Publish date:

  • Target Price: RM1.43, RM1.54
  • Last closing price: RM1.35
  • Potential return: 5.9%, 14.0%
  • Support: RM1.32
  • Stop Loss: RM1.28

Possible for bottom fishing. CYPARK is staging for potential recovery from its prior downtrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM1.43 be broken, it may continue to lift price higher to subsequent resistance level of RM1.54.

However, failure to hold on to support level of RM1.32 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 23 Sept 2019

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Labels: CYPARK

Related Stocks

Chart Stock Name Last Change Volume 
CYPARK 1.38 0.00 (0.00%) 115,000 

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