AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 15 Nov 2019, 9:03 AM


Stocks on Radar - Kossan Rubber Industries (7153)

Author:   |    Publish date:

Kossan Rubber Industries has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 60%, there is a possibility it will break above the resistance price of RM4.30, and move towards a target price of RM4.43, followed by RM4.53. The downside support is anticipated at RM4.20, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM4.30
Target: RM4.43, RM4.53 (time frame: 3-6 weeks)
Exit: RM4.20

Source: AmInvest Research - 1 Oct 2019

Share this
Labels: KOSSAN

Related Stocks

Chart Stock Name Last Change Volume 
KOSSAN 4.25 +0.03 (0.71%) 515,200 

  Be the first to like this.


429  281  549  742 

Top 10 Active Counters
 SAPNRG 0.30+0.01 
 ARMADA 0.525+0.035 
 DGB 0.15-0.015 
 PWORTH 0.04-0.005 
 MLAB 0.065+0.02 
 HSI-H8F 0.420.00 
 HSI-C7K 0.315-0.02 
 VELESTO 0.380.00 
 ISTONE 0.21-0.015 
 FPGROUP 0.54+0.045 
Partners & Brokers