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A Walk in the Park with Cypark Resources Berhad (5184)

Lately, I have been searching for a company which has good profit margins, a business model which is non-conventional (i.e., not manufacturing, banking, plantation, and trading in nature), and resilient to external market shocks. I hope I have found the right company! This week I will be looking at Cypark Resources Berhad (5184). Cypark is a company that is involved with the provision of environmental solutions. It has 4 main business segments which are: 1. Environmental engineering: Provision of nature conservation and environmental improvement services. 2. Landscaping and infrastructure: Provision of landscape services, project management services, and infrastructure development. 3. Maintenance: Provision of specialist maintenance works on leachate treatment plants, landscape services for parks, and maintenance of public amenities. 4. Green technology & renewable energy: Solar panel, biogas, biomass, waste-to-energy, and other renewable energy project

Technical Analysis Review: FBMKLCI 26/11/2017

This is a follow-up review. It has been a month since I last charted the FBMKLCI. Market sentiment continued to weaken and dragged the FBMKLCI lower. As the down trend is still intact, it will most likely persist until it reaches support.

I previously reviewed the FBMKLCI HERE. From my review, I highlighted the bearish trend. After almost a month, the bearish trend is still persisting. Check out Chart 1 below on the medium term trend:

Chart 1: FBMKLCI Medium Term Trend


Nothing too exciting about the FBMKLCI though. Investors should be cautious about the market sentiment. My view is that the FBMKLCI may not have found firm support yet and may trend lower.

Chart 1 above shows the medium-term trend of the FBMKLCI. There are a few key support and resistance levels:

Key Support:
S1: 1,700
S2: 1,680

Key Resistance:

R1: 1,725
R2: 1,751

Chart 2: FBMKLCI Short Term Trend


Final thoughts

Probably, it might be a good time to cash-in onto some profits now. Judging from immediate price action, prices may trend lower. 

Also, do check-out my reviews of the companies below:

Century Logistics  & Success Transformer Corporation-- I did a technical analysis review and a litmus test to see whether this company may have some investment merit. 

Hiap Tech Ventures - I did a technical analysis review of this company.

And last but not least, my feature article for this month is Kronologi Asia Berhad.

Happy trading!!


Update: I have revisited the FBMKLCI chart, check out this article on the latest update >> HERE.

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