Kossan Rubber Industries’ upside move may persist after it continued holding above the 21-day SMA line. As the 21-day SMA line crossed above the 55-day SMA line lately, this has enhanced the buying momentum. A bullish bias may emerge above the MYR4.30 level, with an exit set below the MYR4.20 threshold. Towards the upside, the immediate resistance is at MYR4.60. This is followed by the MYR4.80 level.

Source: RHB Securities Research - 17 Dec 2018