Rakuten Trade Research Reports

Technical View - Cypark Resources Bhd

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Publish date: Fri, 26 Feb 2021, 04:29 PM
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Cypark Resources Bhd (CYPARK, 5184)

• CYPARK gained 4.4% or 6 sen to RM1.42 yesterday.

• Recent share price movement suggests the emergence of buying interest following a pulled back from high of RM1.60 lately. Current level could represent buying opportunity and should the buying momentum persist, share price is expected to scale higher.

• From the chart, resistance levels are expected at RM1.50 (R1) and RM1.62 (R2).

• On the downside, support levels are set at RM1.30 (S1) and RM1.25 (S2).

Source: Rakuten Research - 26 Feb 2021

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