Rakuten Trade Research Reports
Technical View - Cypark Resources Bhd (CYPARK, 5184)
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Publish date: Wed, 06 May 2020, 03:06 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Cypark Resources Bhd (5184)
• CYPARK closed 1.1% or 1 sen to RM0.92 yesterday.
• Share price has recently broken out the 50-day moving average indicating buying momentum is gaining traction. Furthermore, positive signal from key technical indicator is likely to see the share price heading towards the RM1.00 level.
• From here, resistance levels are expected at RM1.05 (R1) and RM1.19 (R2).
• On the downside, support levels are identified at RM0.88 (S1) and RM0.80 (S2).
Source: Rakuten Research - 6 May 2020
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