RHB Investment Research Reports

Trading Stocks - Cloudpoint Technology

rhbinvest
Publish date: Thu, 05 Dec 2024, 09:10 AM
rhbinvest
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Cloudpoint Technology is eyeing to extend its bullish trajectory after staging a bullish breakout. The stock has jumped above the MYR0.90 resistance on the back of high volume – showing the bullish momentum is gaining pace. After the breakout, expect a follow-through price action to test the next resistance at MYR0.97, followed by the MYR1.05 level. On the downside, breaching the MYR0.835 support will negate the bullish setup.

Source: RHB Securities Research - 5 Dec 2024

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