RHB Retail Research
Trading Stocks - Kossan Rubber Industries
Kossan Rubber Industries was testing the MYR5.75 level lately. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR6.00, followed by MYR6.50. The stock may take a breather if it cannot breach above the MYR5.75 threshold in the coming sessions. Support may be found at MYR5.45, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 8 May 2020
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