Kossan Rubber Industries may rebound further after it tested the MYR4.80 support in recent sessions. As the stock formed a “Bullish Harami” pattern on 31 Jan, this points to a potential rebound. A positive bias may emerge above the MYR4.80 level, with an exit set below the MYR4.80 mark. Towards the upside, the immediate resistance is at the MYR5.18 level, followed by the MYR5.50 threshold.

Source: RHB Securities Research - 3 Feb 2020