Cypark Resources jumped and touched the RM1.01 resistance level. With its RSI indicator moving upward, coupled with a bullish white candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.06, followed by RM1.10. The downside support is marked at RM0.925. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.01

Target: RM1.06, RM1.10 (time frame: 2-4 weeks)

Exit: RM0.925
 

Source: AmInvest Research - 12 Oct 2021