Tuesday, June 20, 2017

Technical Analysis Jun 2017: CYPARK (5184)


CYPARK RESOURCES BERHAD 

Observation from Chart:

CYPARK forming bolinger band squeeze.

Will it breakout the squeeze?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K pending trigger BUY call.

Immediate support @ RM2.70 level.
Subsequent support @ RM2.65 level.

Immediate resistance @ RM2.80 level.
Subsequent resistance @ RM2.86 level.

Let's watch closely...

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