Rakuten Trade Research Reports
Technical View - Cypark Resources Bhd
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Publish date: Mon, 13 Sep 2021, 12:40 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 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
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