Kossan Rubber Industries formed a long white candle, indicating that the momentum of buying could be strong. This candle has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. An upbeat bias may emerge above the MYR5.43 level, with an exit set below the MYR5.20 mark. Towards the upside, the immediate resistance is at the MYR6.00 level, followed by the MYR6.50 threshold.
Source: RHB Securities Research - 16 Apr 2020
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KOSSANCreated by rhboskres | Aug 26, 2024