RHB Investment Research Reports
Trading Stocks - Kossan Rubber Industries
rhbinvest
Publish date: Fri, 10 Nov 2023, 10:53 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Kossan Rubber Industries has broken away from the consolidation zone and resumed its uptrend. The stock has been moving sideways below the MYR1.42 resistance since July. After the breakout, the bullish momentum should propel the stock towards the next resistance pegged at MYR1.58, followed by MYR1.70. On the other hand, falling below the MYR1.30 support will kick off the correction phase again.
Source: RHB Securities Research - 10 Nov 2023
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