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A Strong Uptrend Pattern!

Panjang
MYX:CYPARK   CYPARK RESOURCES BERHAD
A significant price movement from the previous trading due to intrigue buyers backed by a high volume. Hence, the candlestick body closed above the MA50 line. This indicates a strong buying interest in CYPARK from the previous candlestick pattern toward the uptrend pattern.

MACD and OBV indicate a divergence pattern, hence, supporting the pricing uptrend towards the next price resistance.

The RSI indicators are not yet exceeded indexer 70, therefore, low probability of changes in trend reversal due to overbought or overvalued.

The Price of Control (PoC) is 0.42 and above the VWAP line which is possibly a long position trading strategy.

Let's save CYPARK in WL and watch out price movement towards the MA90 line as the next resistance price.

R 0.460
S 0.385

Penafian

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