RHB Retail Research
Technical Analysis - Kossan Rubber Industries
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Kossan Rubber Industries formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its highest close in nearly three months, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR7.80 level, with an exit set below the MYR7.20 threshold. Towards the upside, the nearterm resistance is at MYR8.70. This is followed by the MYR9.00 level.
Source: RHB Securities Research - 12 Jun 2018
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