RHB Retail Research
Trading Stocks - Cypark Resources
Cypark Resources formed a white candle to breach above the MYR0.965 resistance point. This indicates its upward move – which resumed after the basing process was finished near the rising 21-day SMA line, in the second half of May – is extending. Towards the upside, the resistance levels are at MYR1.02, followed by MYR1.06. A stop-loss can be placed below MYR0.945.
Source: RHB Securities Research - 3 Jun 2020
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