RHB Retail Research
Technical Analysis - Cypark Resources
Cypark Resources
Cypark Resources may rise higher after hitting its 2-week high and leaving an upside gap. Yesterday’s higher close can be viewed as the bulls extending the rebound from 25 Jun’s “Hammer” pattern. A bullish bias may emerge above the MYR2.32 level, with an exit set below the MYR2.16 threshold. Towards the upside, the immediate resistance is at MYR2.50. This is followed by the MYR2.60 level.
Source: RHB Securities Research - 3 Jul 2018
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