Cypark Resources Bhd (CYPARK, 5184)

• CYPARK closed 3.0% or 4 sen higher to RM1.36 last Friday.

• After consolidating for a period, share price formed a breakout from the resistance of RM1.33 last Friday, suggesting renewed buying interest coupled with upticks from key indicators.

• Should the share price manage to remain above RM1.33, positive buying momentum is likely to persist.

• As such, resistance levels are projected at RM1.45 (R1) and next is at RM1.55 (R2).

• Conversely, support levels are seen at RM1.28 (S1) and RM1.25 (S2).

Source: Rakuten Research - 5 Apr 2021