Cypark Resources surged and touched the RM1.41 resistance level with higher trading volume. With its RSI indicator pointing upwards, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.47, followed by RM1.50. The downside support is marked at RM1.32. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.41

Target: RM1.47, RM1.50 (time frame: 2-4 weeks)

Exit: RM1.32

Source: AmInvest Research - 5 Feb 2021