Technical Buy: KOSSAN (7153)

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• Target Price: RM5.00, RM5.25
• Last closing price: RM4.75
• Potential return: 5.2%, 10.5%
• Support: RM4.64
• Stop Loss: RM4.57

Possible for uptrend continuation. KOSSAN is riding on its uptrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM4.83 be broken, it may continue to lift price higher to subsequent resistance levels of RM5.00 and RM5.25.
However, failure to hold on to support level of RM4.64 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 28 Jan 2020

https://klse.i3investor.com/blogs/PublicInvest/2020-01-28-story-h1482957248-Technical_Buy_KOSSAN_7153.jsp