Kossan Rubber Industries was testing the MYR5.18 level in recent sessions. A bullish bias may be present above this point, with a target price of MYR5.50, followed by MYR6.00. The stock may consolidate further if it cannot breach above the MYR5.18 mark decisively in the coming sessions. Support may be found at MYR4.85, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 12 Mar 2020
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KOSSANCreated by rhboskres | Aug 26, 2024