RHB Retail Research

Trading Stocks - Kossan Rubber Industries

rhboskres
Publish date: Fri, 06 Mar 2020, 05:12 PM
rhboskres
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RHB Retail Research

Kossan Rubber Industries may rise higher after it breached above the MYR4.90 threshold. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A positive bias may emerge above the MYR4.90 level, with an exit set below the MYR4.75 mark. Towards the upside, the immediate resistance is at the MYR5.18 level, followed by the MYR5.30 threshold.

Source: RHB Securities Research - 6 Mar 2020

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