Kossan Rubber Industries may rebound further after it tested MYR3.73 support in recent session. Yesterday’s long white candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR3.90 level, with an exit set below the MYR3.73 threshold. Towards the upside, the near-term resistance is at MYR4.20. This is followed by the MYR4.40 level.
Source: RHB Securities Research - 19 Feb 2019
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KOSSANCreated by rhboskres | Aug 26, 2024