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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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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