Friday, July 6, 2012

Technical Analysis July 2012: CYPARK (5184)


CYPARK RESOURCES BERHAD

Observation from Chart:

CYPARK retest RM1.83 support level.

Will it rebound?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastic %K trigger SELL call, pending confirmation.

As long as higher high & higher low is sustainable, uptrend will be continue.
Immediate support @ RM1.83
Subsequent support @ MA50 / MA20 level.

Immediate resistance @ RM1.95
Subsequent resistance @ RM2.03 level.

Let's watch closely...

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