RHB Investment Research Reports
Trading Stocks - Cloudpoint Technology
rhbinvest
Publish date: Tue, 23 Apr 2024, 10:26 AM
rhbinvest
0 4,584
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
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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 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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