Cypark Resources has been trending lower and may soon retrace to the oversold level of RM1.20. If this happens, we foresee that there could be a technical rebound towards the short-term target prices of RM1.27 and RM1.29. In this case, the downside support is anticipated at RM1.13, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on pullback near RM1.20
Target: RM1.27, RM1.29 (time frame: 3-6 weeks)
Exit: RM1.13

Source: AmInvest Research - 28 Feb 2020