RHB Retail Research
Trading Stocks - Kossan Rubber Industries
Kossan Rubber Industries was testing the MYR5.23 level in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR5.43, followed by MYR5.60. The stock may consolidate further if it cannot breach above the MYR5.23 mark decisively in the coming sessions. Support may be found at MYR5.00, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 13 Apr 2020
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