RHB Retail Research
Trading Stocks - Cypark Resources
Cypark Resources extended its rebound after testing the MYR1.17 support level in the previous session. The latest session saw the stock attempting to cross above the 21-day SMA line. Towards the upside, should the stock manage to cross above the MYR1.29 resistance, it may swing towards the subsequent resistance points of MYR1.32 and MYR1.43. A downside breach of MYR1.25 would nullify this positive forecast.
Source: RHB Securities Research - 14 Jan 2021
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