RHB Investment Research Reports

Trading Stocks - Kossan Rubber Industries

rhbinvest
Publish date: Fri, 15 Dec 2023, 02:19 PM
rhbinvest
0 4,414
An official blog in I3investor to publish research reports provided by RHB Research team.

All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com

RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

Kossan Rubber Industries is poised for an upward surge following a technical breakout above the MYR1.77 resistance yesterday, as evidenced by a "Bullish Marubozu" candlestick. Supported by a significant increase in trading volume, the bullish momentum is expected to propel the stock towards the MYR2 mark, with the next resistance at MYR2.22. Conversely, a decline below the MYR1.60 support would indicate a potential downtrend.

Source: RHB Securities Research - 15 Dec 2023

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment