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KUALA LUMPUR (Feb 9): RHB Retail Research said Cypark Resources Bhd is attempting to breakout from the sideways zone.
In a trading stocks note today, the research house said the stock has been consolidating sideways for the past two months, with the immediate resistance marked at RM1.50.
“A successful breakout from the resistance will see the stock trading higher to test the next hurdle at RM1.57, followed by RM1.70.
“A downside breach of the RM1.36 support would negate this expectation, and shall see a stock price correction,” it said.
