KUALA LUMPUR (April 23): RHB Retail Research said Cloudpoint Technology Bhd is eyeing an uptrend movement after rebounding from the immediate support, testing the 64 sen immediate resistance level.

In a trading stocks note on Tuesday, the research house said that if the stock surpasses the resistance, it may travel higher towards 68 sen, followed by the 74 sen next resistance, ie the all-time high.

“On the flip side, falling below the 58 sen support would negate the bullish setup,” it said.