RHB Investment Research Reports
Trading Stocks - Cloudpoint Technology
rhbinvest
Publish date: Mon, 11 Mar 2024, 11:27 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Cloudpoint Technology underwent a bullish breakout, and is likely to extend its upside movement. The counter breached above the MYR0.585 resistance on strong volume – indicating that a strong bullish momentum is underway. Expect a followthrough momentum to lead it to test the next resistance pegged at MYR0.615, followed by MYR0.64. On the flip side, falling below the MYR0.565 would spark a bearish phase.
Source: RHB Securities Research - 11 Mar 2024
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