Kossan Rubber Industries was testing the MYR4.80 level in its latest session. A bullish bias may be present above this point, with a target price of MYR5.00, followed by MYR5.18. The stock may take a breather if it cannot breach above the MYR4.80 mark in the near term. Support may be found at MYR4.63, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 11 Feb 2020
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