RHB Retail Research
Trading Stocks - Cypark
Cypark rebounded higher yesterday, attempting to break out from the resistance level marked at MYR1.40. The stock has crossed above the 21-day SMA line, and we believe a bullish bias will emerge above the overhead resistance. If the breakout happens, we expect the momentum to propel the stock towards the next resistance level at MYR1.48, followed by MYR1.55. Meanwhile, a downward breach of the MYR1.25 support will negate this expectation.
Source: RHB Securities Research - 29 Dec 2020
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
