RHB Retail Research
Trading Stocks - Cypark Resources
Cypark Resources’ buying momentum may have returned after it recently rose above the 21-day SMA line. Last Friday’s candle can be regarded as a continuation of the buying momentum that started off 11 Oct’s upside gap. A positive bias may emerge above the MYR1.36 level, with an exit set below the MYR1.30 threshold. Towards the upside, the immediate resistance is at the MYR1.50 mark. This is followed by the MYR1.58 level.
Source: RHB Securities Research - 21 Oct 2019
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