Tuesday, August 18, 2020

Technical Analysis Aug 2020: KOSSAN (7153)

 

KOSSAN RUBBER INDUSTRIES BERHAD 

Observation From Chart:- 

KOSSAN (7153) strong rebound from MA50 support level 

Will it retest RM19.50 level ? 

Other indicator:- 
MACD trade @ positive region, uptrend sign. 
Stochastic %K on BUY call. 

Immediate resistance @ RM17.00 level. 
Subsequent resistance @ RM19.50 level. 

Immediate support @ RM14.50 level. 
Subsequent support @ MA50 level. 

Let's watch closely

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