CYPARK REBOUNDCYPARK 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?
CYPARK
Cypark. It’s not easy to catch “a falling knife”..26/May/221)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
Potential upside for CYPARK if it manages to breakout (Risky)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.
CYPARK Consist Higher High Higher Low time for 2nd roundMYX:CYPARK
EMA 20 cross above ema 50
MCDX Banker Spike
Cypark to Wave 1 and will probably achieve fibo 0.5If market condition show some strength, may be the correction has completed. If no will continue making another correction before fly to wave 1.
CYPARK. solar enrgy may found support @≈0.90. 3/7/21CYAPRK. "Solar Energy Related Stock".. May found its major demand zone at around rm0.90 which is also the support line of wedge pattern
CYPARK Ascending Triangle 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.
CYPARK BREAKOUT TRADEMYX:CYPARK
UPTREND
RISK BELOW 10%
FIFT +VE RECHARGE
ATOM BUY ABOVE RIVER
MCDX+ TURN STRONG
BANKER 50%
CYPARKCollection area 1140-1190.
Theme solar.
Suitable for longterm investment as many country now developing to green energy as a new source of energy.
Cl below 1050.
CYPARK - Support Affirmed At RM1CYPARK
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.
[Swing Trading] :BUY at Retracement-CYPARKAlong 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 would continue to rise in coming weeks to RM1.670, giving us a return of 15%.
The support would be around the recent gap up area (RM1.39-RM1.43). If the price cannot maintain above the gap, then the uptrending momentum is getting lesser, a cut loss should be done.
TP 1: RM1.61
TP 2: RM1.67
Cutloss: RM1.39
Remark: Trade at your own risks!
