jonshlim

CYPARK Ascending Triangle

jonshlim Updated   
MYX:CYPARK   CYPARK RESOURCES BERHAD
Forming a perfect ascending triangle at 50-50 risk/reward ratio with support at 1.370 support and 1.590 resistance. It had some challenges to break the 1.480~1.520 zone. Once this zone becomes a good support, it won’t have problem to break out from its 1.590 resistance.

Renewable energy is an important aspect of EV theme and together with Solarvest and Saimaden, this counter has bright future prospect.

Disclaimer: Trade at your own risk.
Comment:
Major BO today and expected to continue the next day.
Comment:
False BO on 1st March. Still need to close above 1.520.
Comment:
The zone is still hard to break.

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