RHB Investment Bank Bhd (RHB Research) has identified Kossan Rubber Industries and Cloudpoint Technology as stocks with strong bullish momentum, signalling potential upside movements for both counters.

Kossan Rubber Industries closed above the RM2.50 resistance level, forming a long white candlestick that suggests robust bullish momentum. RHB Research anticipates the stock may test RM2.70, with the RM3 mark as the next target. However, if the stock falls below the RM2.30 support, it may signal the start of a correction.

Meanwhile, Cloudpoint Technology broke past its RM0.90 resistance on high trading volume, indicating an accelerating bullish trajectory. According to RHB Research, the stock could rally further, with the next resistance levels at RM0.97 and RM1.05. A drop below the RM0.835 support would negate this bullish setup.

Investors are advised to monitor these levels closely to capitalise on potential price movements.