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RozaniGhani-RG

Descending Triangle with Sideways ETA 16 Dec 2020

Short
KOSSAN RUBBER INDUSTRIES BHD (MYX:KOSSAN)  
RozaniGhani-RG  
MYX:KOSSAN   KOSSAN RUBBER INDUSTRIES BHD
Triangle Support and Resistance short Descending Triangle sideways
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triangle supportandresistance short descendingtriangle sideways
The support and resistance level of Kossan are 12.32 and 17.1 respectively.
It is observed that the MACD line of KOSSAN is above the centreline indicating some degree of strength in the price movement.

Resistance 1 : 17.1 (4.46%)
Resistance 2 : 17.46
Support 1 : 12.32 (-24.58%)
Support 2 : 11.96

Descending Triangle prediction at 21 Aug 2020.
Possible bearish price movement towards the resistance 12.32 within the next 118 days (81 bars : ETA 16 Dec 2020).
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