CYPARK Formed a Bullish Pattern on Weekly Chart

2023年6月2日

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.

2023年6月22日

註釋

Today, Cypark break the resistance and closed at RM0.705. Right now, the stock near to break MA50.

2023年6月24日

註釋

Yesterday, CYPARK move higher and close at RM0.735 and break MA50 on daily chart.