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RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 29 Nov 2019, 6:38 PM

 

Trading Stocks - Kossan Rubber Industries

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Kossan Rubber Industries may move higher after it continued holding above the MYR3.93 support. Yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may appear above the MYR4.03 level, with an exit set below the MYR3.93 threshold. Towards the upside, the near-term resistance is at MYR4.33. This is followed by the MYR4.60 level.

Source: RHB Securities Research - 7 Aug 2019

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Labels: KOSSAN

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