Cypark Resources may soon break above the RM1.42 resistance level. With a rising RSI, a bullish bias may be present above this mark with short-term target prices of RM1.49 and RM1.57. Meanwhile, it may continue moving sideways if it fails to cross the RM1.42 mark in the near term. In this case, the downside support is anticipated at RM1.34, whereby traders may exit on a breach to avoid the risk of a further correction. 

Trading Call: Buy upon breakout above RM1.42

Target: RM1.49, RM1.57 (time frame: 3-6 weeks) 

Exit: RM1.34

Source: AmInvest Research - 21 Oct 2019