RHB Retail Research

Trading Stocks: Cypark Resources

rhboskres
Publish date: Tue, 09 Feb 2021, 05:08 PM
rhboskres
0 9,020
RHB Retail Research

Cypark Resources is attempting to breakout from the sideways zone. The stock has been consolidating sideways for the past two months, with the immediate resistance marked at MYR1.50. A successful breakout from the resistance will see the stock trading higher to test the next hurdle at MYR1.57, followed by MYR1.70. A downside breach of the MYR1.36 support would negate this expectation, and shall see a stock price correction.

Source: RHB Securities Research - 9 Feb 2021

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