Couldnt really find any evidence for bullish setup as Kobay is sliding down as per Supermax analog. Rallies has been all offset by supply which might suggest further selling. Potentially campaign is over and no CO is taking over from here.
Kobay Technology cimbed and touched the RM 6.04 resistance level. With its RSI Indicator pointing upward, coupled with a higher trading volume. We see a possibility for a technical breakout. If this happens, we expect it to move towards the short term target price of RM 6.25 abd RM 6.38. The downside support is projected at RM 5.77. Traders are advised to exit...