RHB Investment Bank Bhd (RHB Research) has identified Kossan Rubber Industries Bhd and Cloudpoint Technology Bhd as technical stock picks after both counters signalled bullish breakouts supported by stronger momentum.
The research house said Kossan Rubber Industries is extending its bullish trajectory after breaking past the RM1.20 resistance level with strong trading volume. Analysts noted that the glove maker closed above the key resistance on Friday, indicating that bullish momentum is gaining traction.
Source : Businesstoday.com.my