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).

Source: Rakuten Research - 13 Sept 2021