CYPARK rebound in daily chart time frame
Candle crossed above Resistance line 0.840 and able sustain.
Next resistance 1.01
Can CYPARK break next Resistance?
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
Spotted a potential breakout to the upside for MYX:CYPARK at RM 1.04 with an immediate target of RM1.26.
However This could be a riskier setup given the amount of resistance levels it needs to overcome in order to move higher.
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.
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Cl below 1050.
CYPARK
Rst: 1.05
Spp: 1
Doji candlestick, well supported by psychological support at RM1, with no major sign of deterioration observable among RSI, MACD. Keep.
Along with the news that a war may start between USA and Iran, the whole market closed today with a panic sell down(KLCI dropped 21.94 point to 1589.10).
At the same time, CYPark had also dropped to its support level (RM1.450, Fibonacci at 0.382 level), which gave us a chance to buy in the stock. Overall, CYPark is in uptrend and hence I believe that the stock...
![CYPARK: [Swing Trading] :BUY at Retracement-CYPARK](https://s3.tradingview.com/8/8qDohxkO_mid.png "[Swing Trading] :BUY at Retracement-CYPARK")
