Kossan Rubber Industries surged past the resistance level of RM3.71 during recent sessions. As the momentum indicator RSI has moved above 60%, there is a possibilibity it will continue the uptrend movement, with a target price of RM3.96 followed by RM4.17. On the downside, support price is anticipated at RM3.50 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM3.71

Target: RM3.96, RM4.17 (time frame: 3–6 weeks)

Exit: RM3.50

Source: AmInvest Research - 26 Apr 2019