![](/pub/blog/bl24/cy_20210920123542.png)
Cypark Resources Bhd (CYPARK, 5184)
- CYPARK closed 5.2% higher at RM1.02 on Friday.
- A bullish engulfing and tweezer bottom patterns have been formed on Friday. CYPARK has also managed to stay above its MA50 and MA20.
- Buying momentum is set to resume along with upticks in indicators, hence CYPARK is poised to move higher.
- Resistance levels are identified at RM1.03 (R1) and RM1.06 (R2).
- On the flipside, support levels are pegged at RM0.985 (S1) and RM0.96 (S2).
![](/pub/blog/bl24/cy2_20210920123546.png)
Source: Rakuten Research - 13 Sept 2021