AmInvest Research Reports
Stocks on Radar - Cypark Resources (5184)
AmInvest
Publish date: Wed, 04 Sep 2019, 08:54 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Cypark Resources rebounded from its low to test the RM1.35 resistance in its latest session. With a moderate RSI level, there is a possibility it will break above the resistance level and move towards target prices of RM1.41 and RM1.50. If it fails to cross above RM1.35, expect a sideway consolidation movement. Support is anticipated at RM1.26, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.35
Target: RM1.41, RM1.50 (time frame: 3-6 weeks)
Exit: RM1.26
Source: AmInvest Research - 4 Sept 2019
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