RHB Retail Research
Technical Analysis - Kossan Rubber
Kossan Rubber
Kossan Rubber Industries may rebound further after it tested MYR7.89 support recently. As the stock marked a higher close vis-à-vis the previous session, this has enhanced the buying momentum. A bullish bias may appear above the MYR8.20 level, with an exit set below the MYR7.89 threshold. Towards the upside, the near-term resistance is at MYR8.70. This is followed by the MYR9.00 level.
Source: RHB Securities Research - 13 Jul 2018
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