KUALA LUMPUR (July 19): RHB Retail Research said Kossan Rubber Industries Bhd may rise higher after it breached above the RM4.00 threshold.

In a trading stocks note today, the research house said as the stock recently rose above the 21-day SMA line, this indicates a positive sign.

“A bullish bias may emerge above the RM4.00 level, with an exit set below the RM3.92 threshold.

“Towards the upside, the immediate resistance is at RM4.20. This is followed by the RM4.40 level,” it said.