Cloudpoint Technology is eyeing an uptrend movement after rebounding from the immediate support, testing the MYR0.64 immediate resistance level. If it surpasses the resistance, the stock may travel higher towards MYR0.68, followed by the MYR0.74 next resistance, ie the all-time high. On the flip side, falling below the MYR0.58 support would negate the bullish setup.
Source: RHB Securities Research - 23 Apr 2024
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Created by rhbinvest | Aug 23, 2024