Monday, November 26, 2012

Technical Analysis Nov 2012: CYPARK (5184)

CYPARK RESOURCES BERHAD

Observation from Chart:

CYPARK keep retest RM1.55 support level.

Will it rebound? Or break down?

Other indicator:-
1. MACD trade at negative region, downtrend sign.
2. Stochastic %K trigger BUY call, pending confirmation.

Immediate support @ RM1.55
Subsequent support @ RM1.51 level.

Immediate resistance @ MA20 level.
Subsequent resistance @ RM1,61 level.

Let's watch closely...

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