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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Kossan may rebound further, says RHB Retail Research

KOSSAN
KOSSAN
Original Source From TheEdge Publish at Mon, 03 Feb 2020, 08:10AM

KUALA LUMPUR (Feb 3): RHB Retail Research said Kossan Rubber Industries Bhd may rebound further after it tested the RM4.80 support in recent sessions.

In a trading stocks note today, the research house said as the stock formed a “Bullish Harami” pattern on Jan 31, this points to a potential rebound.

“A positive bias may emerge above the RM4.80 level, with an exit set below the RM4.80 mark.

“Towards the upside, the immediate resistance is at the RM5.18 level, followed by the RM5.50 threshold,” it said.

Top Participation View More
updated at: Fri, 29 May 2020 MYT
Participation (%)
Bought (MYR)
Sold (MYR)
Net
Foreign
( 24,36 % )
2.31 B 2.23 B 77.37 M
Local Institution
( 39,38 % )
3.66 B 3.67 B 0.00 B
Local Retail
( 36,26 % )
3.34 B 3.41 B -0.07 B