RHB Retail Research
Trading Stocks - Kossan Rubber Industries
Kossan Rubber Industries may rise higher after it breached above the MYR3.80 threshold. This can be viewed as a continuation of the bulls extending the rebound from 14 May’s “Hammer” pattern. A bullish bias may emerge above the MYR3.79 level, with an exit set below the MYR3.57 threshold. Towards the upside, the immediate resistance is at MYR4.00. This is followed by the MYR4.20 level.
Source: RHB Securities Research - 24 May 2019
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