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muhammadaniq75

CYPARK Formed a Bullish Pattern on Weekly Chart

Long
CYPARK RESOURCES BERHAD (MYX:CYPARK)  
muhammadaniq75 Updated   
MYX:CYPARK   CYPARK RESOURCES BERHAD
Trend Analysis Chart Patterns Technical Indicators
5
0
trendanalysis chartpattern indicator
Based on weekly chart, CYPARK formed a bullish harami pattern with volume. In addition, the pattern is formed just above MA50 (support level) and there is a potential that the stock may rebound from the oversold region. Meanwhile, on day chart, the price rebound from MA200 (support level) after consolidate at that level for 5 days. This shows that the support is strong enough to prevent the price from going down further. So, I think CYPARK have possibility to start moving higher soon.
Comment:
Today, Cypark break the resistance and closed at RM0.705. Right now, the stock near to break MA50.
Comment:
Yesterday, CYPARK move higher and close at RM0.735 and break MA50 on daily chart.
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