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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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 (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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