Rakuten Trade Research Reports
Technical View - Cypark Resources Bhd
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Publish date: Fri, 15 Jan 2021, 06:19 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 rose 4.0% or 5 sen to RM1.31 yesterday.
• From the chart, share price rebounded strongly from its support of RM1.17 level coupled with higher trading volume. Trading above all key upward sloping moving averages and with encouraging sign from momentum indicator, we expect share price to go higher.
• As such, resistance levels are seen at RM1.42 (R1) and RM1.61 (R2) level.
• On the downside, support levels are set at RM1.26 (S1) and RM1.11 (S2).
Source: Rakuten Research - 15 Jan 2021
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