Tuesday 7 August 2012

Daily Trading Stocks: Cypark Resources Bhd

Cypark may fall further after closing at its lowest in more than a week. A position can be liquidated below RM1.80 or otherwise below July’s low of RM1.72, with supports expected at RM1.60 and RM1.46. However, a close back above RM1.84 will erase the weak bias and the stock may climb instead. Strong resistance is seen at RM2.00.

Source: OSK

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