Kossan Rubber Industries may rise higher after it breached above the MYR4.00 threshold. As the stock recently rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may emerge above the MYR4.00 level, with an exit set below the MYR3.92 threshold. Towards the upside, the immediate resistance is at MYR4.20. This is followed by the MYR4.40 level.
Source: RHB Securities Research - 19 Jul 2019
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KOSSANCreated by rhboskres | Aug 26, 2024